Yen Carry Trade

Looks like the yen carry trade is back in style.

Anyone selling yen?

I have yen sell positions against 5 currencies:

AUD/JPY
CAD/JPY
EUR/JPY
GBP/JPY
USD/JPY

Thoughts?

ICO/JPY

 

Your timing couldn't be worse.

Yen typically rallies each year about this time:

 

Mm...

I know about the rally, I've been in these for awhile and made some profits.

Are you indicating they're all about to crash based on historic seasonal trends?

Are you trading yen sell positions?

ICO/JPY

 

Can't tell you on the FX angle.

But looks like a monster trade going into US ten year to me.

http://www.softwarenorth.net/cot/current/charts/JY.png

http://www.softwarenorth.net/cot/current/charts/TY.png

 

Looks like it's just a fluctuation to me.

I

 

See what I'm doing here:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=75566

 

VERY nice... very nice.

I like the "Stalking Horse" theme.

What do you think the possibilities are of a Galloping Bear scenario forming?

I

 

Well, if a 'galloping bear' emerges my horse will turn red and I'll bail without a second thought. I'm not emotionally invested in the trade.

Hold your shorts. Please.

 

I dropped my shorts a long time ago.... how else could I expose myself to the market??

Ico

 

http://www.netdania.com/ChartApplet.asp?symbol=USDJPY

monetary base down 20% in August