Ahead of U.S. nonfarm payroll data, despite the August ISM services activity expanding moderately for two consecutive months, ADP private sector employment growth hit a three-and-a-half-year low, signaling further labor market cooling. This added support to strong rate cut bets due to economic concerns.
U.S. stocks initially rose but quickly reversed. $Nasdaq Composite Index (.IXIC.US)$ ended a two-day losing streak but closed far below its initial 1.2% rise. $S&P 500 Index (.SPX.US)$ and ...

$Japanese Yen Trust (FXY.US)$ is YEN carry trade still unwinding?

U.S. inflation cools across the board, pushing market bets on a rate cut in September and driving a rotation in U.S. stocks.
$S&P 500 Index (.SPX.US)$ and $NASDAQ (NASDAQ.US)$ ended a seven-day winning streak, pulling back from record highs, with the Nasdaq dropping nearly 2%. The "Magnificent Seven" saw their biggest sell-off in a year and a half, with $Tesla (TSLA.US)$plummeting 8.4%, its worst performance in nearly six months, ending its 11-day rally. $NVIDIA (NVDA.US)$fell 5.6%...

1. In a hot market, there are abundant opportunities, even for options sellers.
Shorting volatility, although akin to grabbing a hot coal, can be profitable if managed well. The volatility of $Super Micro Computer (SMCI.US)$ is excessively high; there are even trades for 1800 call options at expiration. Obviously, this strike price is unattainable, but due to the high volatility, there's a significant risk of interim losses. Position control is crucial; one must avoid being liquida...

Time to stock up yen $Japanese Yen Trust (FXY.US)$

$Japanese Yen Trust (FXY.US)$  need to address soon then later.

$Japanese Yen Futures(DEC4) (6Jmain.US)$
Short-Term Rally in the Yen
The yen has been on a big rally for over a month now. This is mostly due to the expectation that the Fed will stop cutting interest rates. Ueda also hinted towards the idea of increasing interest rates in his previous comments. This would add strength to the yen. But I won't believe it until I actually see it.
Forex Machanics
There are a few variables that could affect the path of yen ...