Japanese Yen

The ultimate play on the end to liquidity. I would say if the FED lowers rates then the YEN goes up because of a weaker dollar and that it will take time to have liquidity ramp up again. The risk is the low the Yen put in July. Additionally, there was a record high commercial interest in the yen which to me smacks of knowledge of the events playing out in the credit market. The commercials are now selling at a great profit there Yen positions. Very bullish.