Simple's Green Room

[simplegreen]

Good afternoon pennies and all..market psychology is hard to put a handle on for sure...good case in point is the recent decision by BOJ to withhold their money printing campaign.Its wreaking havoc on other currencies as well as stomping Japanese exporters into the ground the way I see it.It seems an open invitation to be long on Yen..which IMO is ridiculous..face it..the Yen has a long history of being a total POS!And yet if BOJ doesnt drve it down the market seems hell bent to drive it up!??!!Have seen this numerous times through the years and always confuses the hell outa me when the yen becomes the favorite chew toy of the market and is bullish!
These Yen bullish runs effect all pairs and tend to last a lot longer than common sense would dictate.This crap has me sitting on the side more than jumping on "bargains"Am patiently waiting for either BOJ to yield to exporters pressure to intervene(dangerous scenario for a trader) or simply the brain to begin functioning again in the market and the market begins putting the Yen back into the toilet where it belongs.Crazy..crazy..crazy huh?