Gerry has another day off today, hopefully back tomorrow, and I will hang around until cover arrives and/if I get out of this awful EUR/JPY position I’ve got. Can’t think who could be stupid enough to go long anything in this environment but my reasoning was that risk-off = position squaring so therefore the EUR would see more short covering. Faulty reasoning obviously.
Selling CHF crosses on rallies and buying the USD on dips still looks like the safest play.
