Oddbean new post about | logout
 Call me crazy but let’s just say I’m team depending the JPY on the AUD/JPY pair today. Already lost so much trying to score this whole JPY shit show of a market. So perhaps after so many heavy fails and losses, this one might be different heading into next week. AUD already gained above 1.50% against JPY. The ZAR however did above 2% gain today against the JPY.

BoJ will probably be holding meetings and making some calls to get this situation under control. It’s been a crazy trading sections. For those who caught the up trend cause they weren’t sentimental and just traded the chat, big congrats on your wins. As for me perhaps I’ll live to fight another day as long as I don’t blow up my Account for sure.

🛟 https://image.nostr.build/a9a09ab2ff35f49c605645f3c214c1270714d7974c8f5187af116fa17b4c9dcc.jpg  
 This was a tidbit stupid of me though. If the BoJ itself isn’t bullish on its currency, what make me think I’ll make a difference with my silliness. Its been a very rough day with this pair. Gotten stumped out on few positions due to SL already and still got a couple open.  This JPY decimation will very much likely continues into next week section. I’m just going to see if the central planners let it run into the 104.+ level. If that happen I’ll close up and call it a day. Terrible choices are no fun but silliness has its lessons.