It’s the last day of the month and the first team is still on vacation.

I have to admit I was out of step with the Sunday- Monday trade.

The markets have a small chance to hold here. Again look to the Yen.

I suggest you read Yra daily http://yrah53.wordpress.com/ for the macro view.

or the a.m. update of Yra knows best. Nobody is better!

Today place break even stops on your long Aussie and short Yen as well as break even on Eur/yen.

We’ve traded to 119 in the Yen futures for the third time last night. If we get above this level another figure in Usd/Jpy is not out of the question, possibly more if the spu starts running macro stops which are under 1037,

1026,1006.

If you’re short stocks use a trailing stop.

I do not have a good sense of today’s action.