Forex Flash: Wait until BoJ event before loading up on yen shorts - Societe Generale

FXstreet.com (Barcelona) - As the markets awaits BoJ Kuroda's first policy decision on Thursday, according to Societe Generale FX strategist Kit Juckes, there is plenty of talk about yen short-covering, yet CFTC data suggest there are still yen shorts."

In view of Mr. Juckes: "I suspect the 'big players' are square. But if you are on the sidelines, I'd be tempted to wait for the BOJ to reveal whatever bazooka is hidden under that kimono before loading up on yen shorts again."