Still short EUR/USD but keeping an eye on JPY

Still keeping my short positions on EUR/USD. Labor unions in Euro Zone are already asking for pay increase, inflation risk is still high, and German export is weakening. This is exactly what I hoping to see happen when I start shorting EUR/USD. Wage hikes could fuel inflation spiral. Strong EURO hurt export. ECB still haven’t cut rate yet. I will be a very happy man if EUR/USD goes down to 1.4 in the next 30 days.

Don’t have a position on any JPY crosses. But something smalls funny with the JPY carry trade situation and the Chinese’s interest in the currency market. There may be an angel I can trade with.


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