traitor and all around flunky. Poll after poll showed the majority of Americans sided with the administration. Many thought Brian a traitor, not a patriot.
There was a congressional investigation with the head of NSA the main witness, but nothing came of it. It was business as usual in Washington, which meant the spying continued unabated. Many Americans seemed more than willing to give up privacy. In return, they received assurances their lives would be safer with NSA programs.
I shorted a few million Euros while maintaining my heavy position in Japanese Yen. After a few days of strengthening against the Dollar and staging a brief rally the major trend kicked in and Yen moved to new yearly lows. I felt sorry for poor Japanese Prime Minster Abe. His bold plan to regulate the economy by weakening the Yen became his worst nightmare. The currency was being trashed while the economy remained weak.
The Japanese government bond market (JGB) collapsed as he set a two percent inflation goal and pumped up the money supply. The Nikkei 225 average advanced as the Nikkei the Yen weakened. Mr. Abe was definitely losing the foreign exchange currency wars. Weaker Yen made imported energy costs more expensive. The economy suffered while the currency was trashed.
“Weird, isn’t it? The consequences of implementing Premier Abe’s plan are the exact opposite of what he expected. Federal Reserve Bank tapering and Japanese quantitative easing fueled a massive weakening of Yen.” While smiling like a maniac, Joy was talking to her computer screen.
Our positions offered life changing profits. Joy thought we should exit the market and relax for a while. She was savvy and knew excessive greed could be a terrible thing. Markets can turn and profits disappear in a flash.
“Joy, I know what you’re thinking. And I agree. Let’s start closing out Yen positions. Say 20 million Dollars at a time. We’ll still trade heavy on unemployment report day. I’ve got good feelings about that action.”
“You and your feelings. Better stick to reading your charts and indicators. I’d rather rely on reading tea leaves than bet on your feelings.”
“C’mon Joy. Don’t you ever use women’s intuition to scope out markets?”
“Never. But I admit I do visit Chinese fortune tellers.”
“Yikes. I wish you’d kept that tidbit of information to yourself. Well, whatever works is fine. Just a few days until a new month and the unemployment report. Start scaling down our long-term positions. As I hear around my gym, let’s get ready to rumble.”
Since the last unemployment report, I hadn’t heard a peep from Brian. I grew nervous as the first Friday of the month approached. I would log into my website every few hours. Nothing.
“What’s the deal Jay? You seem as nervous as a guy thinking about getting married. Are you and Amanda about to take the drastic step?”
“Ask me about markets not my personal life. Are you jealous? Can’t stand the thought of being alone and working with a hot married man? Think I won’t pay you as much attention?
“Don’t flatter yourself. You seem to be more on edge than usual, that’s all. It’s only July. I want that bonus pool to grow all year. A case of nerves isn’t good. You should take a vacation in August, along with the other big shot foreign exchange traders.”
“That’s good advice. Next month Amanda and I are going to take a two week vacation. She gets 21 days of vacation each year, so we’re going to make it happen.
“That’s good news. You should spend more time together.”
“You can help me out. Work out of our Yen positions. Keep covering on Yen moves to new lows. We’ll let the Euro trade run. You’ve done a great job. I’m confident you can handle things while I take a couple of weeks off.”
“Thanks. I’ll do my best. Being flat Yen with huge profits booked will put us more at ease. I want you to have a restful stress-free vacation so you’ll come back in a good