japan is devaluating its currency because of trade war, there is no logic in shorting this.
gcplau
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@gerFX, actually lots of non-Dollar currency do the same thing..incl. China
gerFX
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@gcplau, it doesn't change the fact that it is stupid to short usdjpy exactly when japan is devaluating
gcplau
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@gerFX, "stupid" is not the right word...be humble and open minded...you almost dun get my word...when other non-US devaluate their notes..indirectly boosted dollar....that means fundamentally it may suggest dollar rise IMO.
Wave-Trader
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@gerFX, Alright then stay long mate no need to fight with others.
gerFX
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@Wave-Trader, you look frustrated with my comment, i'm just here to ask what were the logical path of your analysis that lead you to the conclusion that we should short usdjpy right in the middle of a devaluation process of the yen, it seems quite abnormal to arrive to this conclusion but if you have solid analysis details to give enlight us please.