Wynloots14
Long

AUDJPY Long - Widow Maker!

FX_IDC:AUDJPY   Australian Dollar/Japanese Yen
56 0 3
I am doing the unthinkable, shorting Yen. This trade is not so much focused around strength of the AUD as it is weakness in the Yen and price action. I am a USD bull going into the next Q of 2016 and, as the BOJ have found out, the only thing that will weaken the Yen in the long run is USD strength or "helicopter money". Also, the market didn't even bat an eye lash when the RBA lowered its key interest rate and there is a clear drive from investors to keep looking for higher yield currencies (AUD & NZD of course). However, the market is a fickle mistress and this trade could turn on a dime...

Depending on your trading plan, you might want to put in a hedge 100 pips down for a short, I'm taking a thicker risk / reward instead. Please trade your own plan! My ideas reflect my own views and are not warranties of profit, success, etc. etc.

Fortune favors the brave! Green trades to you all!
Trade active: The Yen is a stubborn old bi*ch, after some hawkisk comments at Jackson Hole and some sweat from Gov. Kuroda, the tides might be turning on the widowmaker... This is also related to USD strength, so read my update on the USD/JPY trade...
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