US stock indexes dropped as much as 2 percent when earning results looks not encouraging and a report from IMF made the picture of US housing market cloudy.
So I found it appropriate to sell dollar (against yen at 107.52) to take a position ahead of US Consumer Confidence and S&P/CaseShiller Composite, both scheduled for tomorrow.
I will increase the size in any opportunity; it is likely that tonight's data from Japan, including Household Spending and Retail Trade, make a better technical condition for selling dollar (or even other pairs such as GBPJPY).
So I found it appropriate to sell dollar (against yen at 107.52) to take a position ahead of US Consumer Confidence and S&P/CaseShiller Composite, both scheduled for tomorrow.
I will increase the size in any opportunity; it is likely that tonight's data from Japan, including Household Spending and Retail Trade, make a better technical condition for selling dollar (or even other pairs such as GBPJPY).
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