Блог Amogh

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Looks like yen crosses are breaking higher

Looks like yen crosses are breaking higher. Over all strength in yen crosses corresponding rallying global financial market sets the tone. I have couple of long yen crosses opened now. Usd/Jpy represents this better in the chart below of the carry trade strength.
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Yen Crosses continue to tumble

Yen Crosses continue to tumble. However there is a breather right now in market. And probable market is catching its breath for more volatility in days ahead. Interesting times and more opportunities in yen crosses ahead. Here is the chart of Aud/Jpy to show this illustration and reflect market sentiment towards risk.
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Carry Trade Unwinding, USD/JPY is leading the way

Japanese Yen crosses are unwinding and speeding up. USD/JPY is going down taking all the other yen crosses down with it. It gained the momentum when the major support at 110 is broken. It can go down to 107 in short term. I have benefited from selling GPY/JPY and EUR/JPY so far. Looking forward to better levels to reenter and sell yen crosses. Any rally will be sold.
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