14 March 2008 - 11:44Trading Advice 3/14/08

I still like the yen and would not be surprised to see USD/JPY end the day below 100. I don’t see any harm in riding it down there until around the time the market closes. There is a good chance that if it closes below 100 it will keep falling when the market reopens on Sunday. I still think it is prudent to exit before 5 pm EST however since most of us can’t trade again until 5 pm on Sunday and the market actually opens at 2 pm.