Not sure which category I’m in here but some of my more experienced (read ancient) trading mates are of a similar opinion to me; this risk aversion play and sell-off in the JPY crosses is a false move and we will see a sharp unwind very soon. He who picks bottoms gets dirty fingers, as the old saying goes, so I am not willing to put a time or level on when this will happen. I am long AUD/USD and am looking to get long cable over the next few sessions. Hopefully I’ll know when I’m wrong!