I closed out my short position at breakeven after reassessing what I saw. I definitely think this will be a great short, but not yet. Aussie might be one of the better longs vs the US Dollar
and that will push AUDJPY
higher (I don't think USDJPY
will fall as much as AUDUSD
will go higher). I also believe US equities will eventually fall sharply. If AUDJPY
will get up to the 94.-95.00 level I will short it.