Monday, February 23, 2009

Yen loses its safe haven status?

The Yen had been plummeting. I attempted to short the Euro/Yen pair with disastrous results resulting in over 155 pips loss. I also made some impulse trades which results in other small losses. There is certainly something going on with the FOREX market that I as a teeny weeny little player has no clue about. However, this article is worth a read.

Why is the Yen sinking?

I think a good thing for me to do now is to stop trading and wait till the signs are clearer.

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