Officials are talking up a weaker yen and are determined to get it.
The currency could bottom soon in anticipation of a change in fundamentals.
Our short trade has worked out splendidly, so let's try and catch a Fed-juiced bounce-back.
The U.S. deficit is rapidly shrinking, and calls for austerity are gaining traction.
The question is whether traders like the U.S. dollar or if they are just default buyers.
The currency looks ripe for further slide, which is good news for my short play.
Action in the currency markets is so vicious today that even veteran traders are taken aback.
Setting up both a long and short trade in the currency.
If George Soros has targeted the currency, don't get in his way.
It could hold the key to the S&P 500.