The $USD looks on the brink of that pullback we talked about just 45 mins or so ago and the Yen looks as if it will come down as well, it will be interesting what the USD/JPY does.
Point being, assets like the XOM short we just entered/add-to are looking like they will give a SCSO (Second Chance Short Opportunity), of course with a lower $USD, higher oil- another SCSO and with both a lower $USD and Yen, that helps the market so there are a lot of SCSO's there, usually the Yen and $USD don't move together like this, but in this case it's one of the best levers that can be pulled on the currency side of manipulation.
5 years ago
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