Further to my post earlier in the week on Yen Strength (Yen crosses weak):
- there has been excellent follow through.
Euro Yen was the first to Trigger, followed by Aussie Yen and then Kiwi Yen.
Tuesday’s US session drove these pairs down hard, and I added to my Aussie Yen position.
(Click on the chart to enlarge).
Right now I am expecting more weakness in all three pairs. News, sentiment and everything else are irrelevant. I am a trend trader and the trend is currently DOWN.
“Creating the Perfect Trade”
Disclosure: Short NZD Yen, AUD Yen and Euro Yen