Wednesday, 1 February 2012

Yen Crosses

Yen crosses are rolling over short. Will watch the hourly closes and the US stock futures for entries. Both Dow and the S+P are looking a tad toppy, although the Nasdaq still feels buoyant so be patient.

ESH2 - key lvl 1310.25
YMH2 - key lvl 12613

60 min close basis


EurJpy -  short on close under 100.62
AudJpy - short on close under 81.28
GbpJpy - short on close under 120.45

As the positions are heavily Yen weighted I would use only 1/2 positions.

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