Back behind the desk for a week now, but nothing really inspiring going on. JPY was probably the stand-out move of the week, but I did not pick up the market sentiment in time. I tried putting on a couple of basket smalls on USD/JPY strength beforehand, but scratched them before the FOMC to cut the risk as I was not confident enough that Taper will begin immediately.
Got up at 4am on Wednesday for FOMC, but what a friggin fizzler that was.
Late friday night on Bullard's comments that there's no hurry to start tapering, I put on a basket of anti-taper trades in USD & JPY vs EUR, AUD & GPB. Let's see how this goes.
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