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

Discussion in 'Forex Trading' 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?