Yap, BoJ stepped up USDJPY in asia. I'm liking this currency wars. The system is so broken... Took a USDJPY long @76.50 lot size 0.2, TP - open. Not my type of trade but easy money chance. Poleni u couldn't participate since it was wee hrs @ KE...
Also took a long USDSGD @ 1.2420 lot size 0.5, TP - 1.3000. If you can trade rands, an opportunity will setup soon on USDZAR. This cross will surpass 8.50 and may test 9.00. There's a lot of smold on the SA econ which will unravel in Q4 & into 2012. It will be a shorting magnet soon.
@Qw - look at the euro meltdown in asia after 2 days of hopium bailout. Very weak hopium drug... Waiting for London session as EURCHF threatens to break below 1.2000 - the SNB's intervention guard rail. Look for USDCHF long for that intervention play.
I continue to fancy the dollar since a squeeze sign has been flashing since July. That dollar index will test 85, before things settle down.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!