https://fxww.com/jgb-futures-sell-off-sends-usdjpy-tumbling-also/ The Professional Source Fri, 05 Apr 2013 09:05:14 +0000 hourly 1 https://fxww.com/jgb-futures-sell-off-sends-usdjpy-tumbling-also/#comment-19367 Fri, 05 Apr 2013 09:05:14 +0000 http://fxww.dreamhosters.com/?p=6858#comment-19367 Sean, in my opinion nikkei was a pretty good indicator of continued JPY weakness recently. Last night tumble, though small in context, is indicative of first cracks in JPY runaway train. I think tonigh NFP will be neutral to bullish and looking to sell any rally in US equities. Overall equity run from last Nov seems to be loosing steam, the timing of that rally as well as correlation to JPY crosses could indicate that we are due for nice correction in risk assests. Judging by recent behavior my top idea is short aud, nzd and long jpy. Need to be carefull on entry points. I like eur/aud technicaly but afraid of euro in context of where eur/chf is located. In other words: untill i get comfy with long eur/chf I’d rather stay away from euro crosses.

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