Month-end flow: bond buying, dollar buying
Month-end flow is centered on buying bonds and buying dollars.
Stock prices had been soft in recent days, but yesterday they rebounded strongly, and the yen buying gradually unwound.
The USD/JPY also firmly rebounded after testing the 89 yen level.
I am keeping positions in EUR/JPY and CAD/JPY, but some CAD positions were stopped out, so I plan to add to them going forward.
I had written that I wanted to focus on the indices, but since the indices hit the Nikkei 225 at 28,550 which I had set as a buy target in anticipation of London’s selling, I am holding as is.
The gold position in the 1750s is being held with a buy addition at 1755 dollars.