WOW, what a move again today.
By seeing EUR/USD 1.3975 yesterday, you can wait for a test of EUR/USD 1.4000
I can’t remember seeing 400 pips in the EUR/USD since I started trading in 1983. Looking at 1 month interest rates we see USD around 0.6 % and the Yen at 0.7%
So what the development with those two low interest currencies?
Looking at the chart of the USD/JPY we see a steady course down.
The hedge indicator turned down at the beginning of September around 108 Yen and quickly went down to over 75% short for corporate hedging (see yesterday’s story) and it looks like it will take a long way before the hedge indicator get’s back to above zero as today’s action turned all indicators heading south again.
Trading Forex in Baskets to diversify trading risk for both, speculative trading or hedging Forex risk by 

