Tons of capital flowing out of commodities and precious metals and into stocks. EUR/USD continues to sell off and the Yens are all soaring. This is reversal Tuesday.
It is 12:30PM. Just started shorting EUR/JPY for today. 1/2 position in area of 158.90. I have to micro-enter here for the rest of position. Addition: another 1/4 in at around 158.85
Yes I am waiting to short the first rally, as I believe this is the high of the day for equities. Good entry.