G-7; To short or not to short usd/jpy

Discussion in 'Forex' started by TMcKenna, Dec 4, 2005.

  1. Sound logic would suggest to short this pair but sound logic doesn't have very much to do with forex.
    I am getting reports of huge short interest accumulating from last week, which is another bullish indicator, the way forex casino works all this people shorting usd/jpy must be screwed first and their stops taken and only after that the pair should go down. The question is how far up can it go in next 3 weeks? 1.23, 1.25 or perhaps 1.30?
    Any thoughts?