I have closed all positions Long JPY ( thousands of pips profit in total ) as well all USD trades and am now 100% in cash.
Tomorrow, potentially brings with it one of the largest “market moving” events/announcements of not only this past year….but perhaps even the last 10 years – as The U.S Fed looks to either “raise interest rates” ( .25 token move if at all ) or sit tight.
Either way ( once the dust settles ) it’s all bad news for USD and likely risk in general.
I have no opinion on it…..as it makes absolutely no difference to me.
The U.S Dollar is no longer viewed as a safe haven. Further QE is coming……so tomorrow is just another day.
I do however recommend “what ever you decide to do” – do yourself a favor and wait until “at least” Asian markets express their views or likely even better….the following day in U.S trading closer to the closing bell.
There is no trade until the fireworks end. …unless of course you enjoy having things blow up in your face.
I’m not much for that.
Good luck everyone!