The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: gregor_us who wrote (13612)	10/28/2008 12:07:48 PM
From: Wyätt Gwyön	Read Replies (1) of 71407

fwiw i've stepped to the sidelines on JPY over the last several days. sold all the way down from 40% of PF last Friday morning to zero today. bought gold, AUD and CAD in its place (still can't bear to hold USD). long term, i still think JPY goes much higher against USD at least, but i am spooked by G7's greenlighting of BOJ intervention. BOJ can certainly sell more yen than yen bulls can buy. farewell JPY, you've been a great port in the storm!

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