Short Yen (Long USDJPY)

I've been discussing that I've wanted to short the yen and be long USDJPY under 80 for a long time. Today I got my first small piece of it at 79.85. You heard it here
first.


Given the circumstances, I did not really have any desire to tweet the entry,
but I feel okay doing so here since I've spoken about it many times.


It never ceases to amaze me how charts can forecast the future, while the events
that shape the charts eventually take care of themselves. In this case though,
it's exceedingly sad. I wish there was not any suffering among the people of
Japan.

Note: this is a small initial position -- the yen could go even higher.

ADDENDUM: I added to the position at 77.225, just after hearing about the panic action in the FX markets. Missed the low. This could go to 75 or lower. I may hail to bail and re-enter. Will reassess.