Nice bounce today.
All I got left are the Sept 80 puts.
Is this bounce just for expirations? Then another Leg down? I am holding 10 free sept 80 puts. Loking to add on the next spike or is this it?
the yen flirting with 104 was last year. essentially we have the japanese central bank fighting the rise of the yen tooth and nail. they want to get their eocnomy as strong as possible before the failure of the USD. so...i'm watching it closely....its interesting how hard they're working today, the dollar is dying, the euro is rising and the yen is sitting only slightly higher......
there's going to be a day pretty soon though when we're going to see the yen gain 200bps. count on it. they are way undervalued now considering their balance sheet and what's happening in their economy.
wrong kind of trading for me... as attractive as currency trading seems, I know that I would get my head handed to me.
I see that the Euro touched the 1.23 handle today against the USD. Ouch.
Any thoughts on why the Yen is hasn't recovered more? It wasn't too long ago that it was in the sub-110 range against the USD. Wasn't it even challenging 100 for a short while?
Vapors ... I think it was a polite term for a serious medical condition. Doctors couldn't repair tears that occurred during childbirth, and women with the condition had these open tears that let out "vapors" from the intestine. They ended up secluded in their rooms for the rest of their lives, it being a "polite" society back then.
i'm back...i keep having to leave to help with our move. anyway, i can't help but look at this rally and think, what are they showing us at two that they've got this strong pump all morning?
and gold....i'm having the vapors now.