New trade

I went long a half position of the US/Yen because I am expecting a retracement back up. This is a short termer because the trend for this pair is still down. Stochastics are very oversold and given the strength in equities, this thing should be higher anyway. We do have some sort of decoupling going on, because money usually flows out of the Yen when markets go up. (Clicking on the chart gives you a clearer view):

---------------------

Is it just me, or does anyone else find it ironic that a ratings agency (such as S+P) can affect a whole country's currency negatively (downgrade rumour), as they have with the Greenback, when the same agencies gave AAA ratings to mortgage-backed securities before the you know what hit the fan?!