- Already short AUD/JPY as proxy for Risk Off.
- Contemplating a further short in USD/JPY which would be lower beta than AUD/JPY.
- Chart = Very powerful down trend in motion. Break below 84.81 heralds new leg. Now at 83.63. Perhaps I might try to sell the first peek towards 84 from here, against an 84.81 stop loss. Or wait to go against BOJ intervention.
- Not rushing this. Already have decent exposure.
- Also doing USD/JPY gives me short USD exposure. USDX weekly chart does look like its having difficulty getting above 83.50.
1 comment:
Initiated short USD/JPY @ 83.90
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