Earnings uncertainty: buy Yen protection

Following yesterday's impressive rally in equities, Yen dropped down to 102.35. Yen was trading at pretty strong support this morning, and I think 102 is a good point to buy Yen. Indeed markets have calmed down significantly during the past few weeks. But uncertainty in earnings seems to be stoking some volatility and risk aversion, so I think it will be prudent to hold some Yen until we clear through earnings season.