Nikkei Down -638 Points – Long JPY Trade Is Gold

The Japanese Stock Market ( The Nikkei ) is now down -638 points as Americans start “waking up”. China has cratered.

How are the long JPY trades going? – Absolutely golden!

The relationship between “risk appetite” and The Japanese Yen ( JPY ) has never been more clear, as short trades in AUD/JPY, NZD/JPY, CAD/JPY and USD/JPY have produced some 5-600 pips in only a few short days.

USD trades remain flat, as the continued concerns about Greece keep EUR ( the polar opposite of USD ) in a continued state of flux/confusion.

This is not about Greece. It’s about China. It’s about global appetite for risk…and it’s about the big boys making a speedy exit with profits in hand, as The SP 500 “continues” to make lower highs and lower lows ( the definition of a down trend ).

This is certainly not over. It’s not a dip to be bought, as we’ve been on the other side of the mountain for days now.

Protect yourself, as I “remain” short risk.





4 Responses

  1. Jworthy July 9, 2015 / 6:36 pm

    But… but… but… you’re just a crazy gorilla. And besides, this time last year Josh Brown said buy and hold emerging markets. 😉

    • Forex Kong July 9, 2015 / 8:33 pm

      What are you saying Jworthy?

      ( Nice hearing from you by the way! )

      That guy is a clown. I’m a gorilla. He’s fat and bald. I’m ripped.

      He lives in a shoebox. I live on a Caribbean beach.

      He’s right. I’m wrong….then I’m right….and he’s wrong.

      Take yer pick people….follow us both and make decisions for yourself I imagine the best advice!

      • Jworthy July 13, 2015 / 5:11 pm

        Heh, he is a bit of a clown. Gorilla is definitely preferable. I was just joking around because you rightly called him out for that recommendation last year. Hope all is well with you! 🙂

        • Forex Kong July 15, 2015 / 1:32 pm

          Predications are tough…..and its always a coin flip….but looking like a clown?? You need to put some serious effort into that.

          Jokes aside…it is what it is….for every time I’m “right” – likely just as many as I’m wrong.

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