Euro up means dollar weakness means everything else is strong vs. dollar. Hence JPY strength.Flip side is high oil will really hurt Japan and thus Japan will have to really try to weaken the JPY.It is going to get really crazy in currencies over the next few weeks and it will only get worse in the future. Lots of folks are going to get washed out. Short JPY might not be as easy as advertised.
on the higher oil pricesjapan imports natgasand thats why I am in lng
thanksI was thinking that no mater what the Yen is going to have to go higher vs usd