Further to yesterday's post, I've finally got my USDJPY, the temptation was just too strong. Traded at around 84 and with a stop below yesterday's (and 15-Year) low and as I believe it could go back to 88 or so in a few weeks time, I think it has not a so bad reward-risk profile : 6:1 roughly. If the pair reaches the 85-mark, I may consider putting on more as I guess a herd of Bulls is waiting there. This said, the contrarian argument I raised that the crowd doesn't expect an intervention falls in the water : it seems to me now the whole world speculates on an intervention... OK let's consider that I speculated that after me loads of others guys will speculate there will be an intervention. The various comments from Japanese officials and their interpretation become a bit messy and contradictory, now the more there will be the less impact they will have.

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