Dr. Nenner this A.M. has put out a recommendation to buy USD/JPY @ 75.50 ( sell Yen).

If we get there the stocks will look like they will implode. This level is app 132.45 Sep. Futures.

Since this level is 200 higher than where we are now in the futures, let’s place a resting order to sell the Yen at this level. There will be no stop on this until after we get filled ( if we get filled).

If we get this level I will likely look to spread it up by buying the Euro against it. Thereby having a Long Euro/Short Yen spread on. EUR/JPY.

Stay tuned if we get filled.