12.01.2021
I have opened a SHORT USDJPY position, I will post a SET UP but wanted to post a few charts here on the BLOG
This is the 10 year, this has 95%+ Correlation with USDJPY. This is indicating a high likelihood of a BOND RALLY.
USDJPY – I think we have reached levels where selling USDJPY makes sense. The RISK REWARD is GREAT and a correction in RISK (equity sell-off) will force an unwind of this trade. The market is very LONG USDJPY (SHORT JPY on the REFLATION TRADE).
