You guys keeping a close eye on AUD/JPY?
This thing moves with “risk” – ALWAYS.
Seeing it trade flat for the last 2 months – What might you discern from the ugly candle forming here today? Is it only “Australia related”? I think not.
Pull up Chinese markets and watch The SP 500 fade here shortly.
We very well may be on the cusp of significant move lower in risk, as we move into the weekend and Greece continues to take the headlines. Don’t be fooled.
Can you honestly imagine a single Central Banker or large scale institutional investment firm that doesn’t “already know” what’s going on? Common.
We don’t put on trades moving into a weekend like this……that’s full blown retarded.
We’ll pick up Sunday night….as there is nothing to see here today.
Get outside. Go drink some beer.