Buy USDJPY at 96.81 (200 day SMA)

[B]My picks:[/B] Buy USDJPY @ 96.81 (200 day SMA)
[B]Expertise:[/B] Global Macro
[B]Average Time Frame of Trades:[/B] 1 week

Despite the recent stock market gains, GDP growth in the developing world is expected to slow down in 2009, reflecting the rapid deterioration of global financial and economic conditions. That said, I will continue to look for opportunities to sell rallies on export dependent currencies like the Japanese yen against safe-haven currencies like the US dollar.