Simple's Green Room

[pennies2007]

Nice work Jav. I was betting on the BOJ not making any changes to policy even though the analysts were expecting them to. The BOJ has a pattern that's held true for a long time. Once they make a major policy change, they typically give it about a year to gauge the effects before they implement again. The rally had a policy changed baked in but it's only been 3 months since they announced a negative interest rate. It wasn't in their best interest to implement another change now so the rally in the yen crosses didn't stand to reason...so shorts were the better option.

Worked out nicely.