[BillPaay]

Sell EUR vs AUD and JPY: This is an alternative way to get exposure to add short EUR exposure, but without taking an explicit view of risk appetite. Selling EUR in equal part against JPY (the safest of havens) and AUD (the riskiest of assets) creates a basket that has almost no correlation with daily equity moves. (Technically, a basket of short EUR trades that absolutely minimises the correlation with stocks would also include a small element of EUR/USD and put a
slightly smaller weight on EUR/JPY, though the benefit of doing this is minimal). Don't enter two short EUR trades simultaneously just yet- instead - monitor this as a trade to watch for now.