Following my call to long USDJPY, we are now at 115.78 levels, pushing the doors of a break above 116.
And then this piece of news came out on Bloomberg.
My take is that on Dec 14th, anything short of a decisive Shinzo Abe win would actually crush the USDJPY back to 100-105 levels. Even based on his current reducing support, he is still expected to win the snap elections he is calling.
However, I do wonder what the chances of a black swan, Abe loss, is?
Perhaps it is time to consider a directional shift in my long USDJPY call.
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