It’s going to be a trade what you see kind of a day led by profit taking in

short dollar positions in Asia ending in early London.

We’re long the UUP from Fridays close so we have a little breathing room. This trade will take a couple days to play

out. It will not be clear for another couple of days whether this is another Monday sell off followed by strength

the rest of the week.

I know some of you took a SHOT AT THE YEN..The yen is still the wrong way on all the crosses…

Meaning everyone is now selling Euro,Aussie,Canada,Pounds against long Yen.

This just turns this into a timing game. How far do the other currencies have to correct against the dollar

before they don’t want to own the Yen either. Timing seems best next week.