The question is whether this is the Bank Japan at work, or if it is window dressing by the U.S. ahead of the G20 meeting in Seoul (to avoid more criticism of the USD devaluation).
We are short FXY via puts since 10AM today.
Tuesday, November 9, 2010
FXY: Yen ETF Collapses today
FXY, the most popular Yen ETF had a real collapse today:
The question is whether this is the Bank Japan at work, or if it is window dressing by the U.S. ahead of the G20 meeting in Seoul (to avoid more criticism of the USD devaluation).
We are short FXY via puts since 10AM today.
The question is whether this is the Bank Japan at work, or if it is window dressing by the U.S. ahead of the G20 meeting in Seoul (to avoid more criticism of the USD devaluation).
We are short FXY via puts since 10AM today.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment