The Yen

The yen has been seen as a safe haven. A place where your money will gain value in an inflationary enviroment. The japanese have interviened in the currency markets trying to lower the value of the yen helping exports. This could have people flock to the dollar or gold. Gold just hit a new all time high and this currency intervention is a good reason for it.

I would not short TLT here. I am gonna sell my TBT here and close my covered calls and my puts. It was an good trade and i think we need to wait and see what happens in bonds for a nice NEW entry.