I look at the charts and see consolidation, and momentum gathering for another thrust. The question is which direction.

NZD/USD, CAD/JPY, EUR/AUD, GBP/CHF, falling off the cliff together--

High yielders are susceptible to pullbacks on global risk aversion. I don't know why you're puzzled, this is a great time to look for great levels to long again.

NZD/USD, CAD/JPY, EUR/AUD, GBP/CHF, falling off the cliff together--

101.4 Rode up to the 119.15. Currently short from 119.05 we shall see

USD/JPY Discussion

Not surprised at all, last time this happened there wasn't just an automatic buy back. Risk aversion doesn't just dissappear after one session. I'm fully prepared for a further selloff in late Asia/Early Europe or NY sessions.

USD/JPY Discussion

Well then I'll stay long a bit longer

USD/JPY Discussion

We shall see, I'm long anyway, but not convinced

USD/JPY Discussion

Looks like a retrace to me.

USD/JPY Discussion

I did catch your intent. Currently the U/J's up 60 odd pipps off the 118 bounce still well within the trendline down though.

USD/JPY Discussion

I don't see a bounce, except a dead man's bounce. Which makes for better short levels. We could see blood in the streets in Asia. Why would anyone long the USD at this point?

USD/JPY Discussion

We're apparently not done.

USD/JPY Discussion

Why???

USD/JPY Discussion

The good thing, for those who didn't get any action today, is that these pairs have way more ground to cover before the word "panic selling" should actually be used. In the C/J, A/J and N/J there is way more ground to cover, so let's see if the ...

USD/JPY Discussion

For every big guy bailing out, there's a bigger guy seeing value. Don't believe for a second that Euro, US and Asian banks aren't waiting to buy value. The interest rate differential is enough to have the big dogs lappin at the trough soon enough.

USD/JPY Discussion

Yeah I've got a tight 10pip trailing stop on. We shall see, US session's almost closed, IF Asia buys back the crosses I wouldn't be surprised.

USD/JPY Discussion

I jumped in above 119, at 119.15 seeing where it goes.

USD/JPY Discussion

: Good one, I do see a test lower and then we'll get the usual 100/200 pip up move as market player figure out the JPY is still a cheap trollop for every sailor in the world.

USD/JPY Discussion

I agree with Mr. Soros

USD/JPY Discussion

Breathe. It happens to all of us, everyone has a trade they should have or should not have made. The beauty of the market is that each session presents opportunities. Go for that run, and come back refreshed and ready to grab the next long or short ...

USD/JPY Discussion

Mr. Soros speaks, I like it

USD/JPY Discussion