We are holding US/Yen and looking for 103-104. It will be interesting to see which cracks first (assuming the Forex relationships stay the same.) The Yen is one of the safe havens for people if they want out of equities...and so is the Greenback. Equity futures are slightly down...but Europe is on holiday today.
So does the US/Yen slip to the 98 level I discussed, before resuming its uptrend? Let's watch equities and see. I have been discussing what I think will happen in previous posts.
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