It should diverge because the yield difference will be double shortly. Moved my stop down on A/N to 104.15 and just got out of USD/JPY for a 6 pip loss ( annoying because I was up 40 pips at one stage ) . Also cashed in on my GBP/USD long which I've had for a while. May not have much internet time with heavy rains and winds coming so better to be on the sidelines. Still think US won't raise rates until early next year and market is pricing in a June to Sept hike so I think sometime a long the way there will be a readjustment. Just not prepared to bet against the trend.
Price at posting:
1.3298 Sentiment: None Disclosure: Not Held
