Goldman Sachs is up to something. They either know something or are taking a big punt and they generally do not do this without some very good information. They have been heavy sellers of EUR/JPY, AUD/JPY and USD/JPY over the past 24 hours. I can only speculate that this has something to do with Greece or China (or a double-whammy of both!). Don’t be surprised to see them issue a sell recommendation in the next day or so!
(edit) I should add that an excellent point from Solange is that some of GS’s senior traders have left the firm in the last few days and Goldies might well be unwinding some existing positions. Perhaps we shouldn’t read too much into the selling just yet.
