Risk Off on Friday

Friday I took half my short position in Yen off the table.  

Staying Short the Yen and AUD/USD over the Weekend

Toyota Stock looking good still, with cheaper yen, despite recent gains.

Self-made Billionaire Stanley Druckenmiller Bets Against AUD/USD

“We think the Australian dollar will come down and will come down hard”

Stanley Druckenmiller - Duquesne Family Office

• Stock Idea - Long GOOG
• Commences by calling QE a nuclear weapon and believes that Bernanke has embarked on the wrong policy. But he notes that listening to Bernanke shows that he's not going "wobbly anytime."
• No condition of Bear market until Fed changes - so expect the market to continue to rise.
• On commodities, he says that the super-cycle is ending and believes that their a "poisonous cocktail" in commodities when it comes to China.
• He says he thinks the AUD will sell-off hard.
• He is bullish onGOOG  - says that its a great tech company and notes some of their new technologies pushing from glass to auto.

Complete Ira Sohn Conference Highlights