We are in for an interesting FX ride

Been following the news a little bit lately and it seems that Greece and Italy are having debt issues and the currency markets are going nuts.

The US will need to pass a bill to raise their debt ceiling on Aug 2 and what exactly will happen there is uncertain but I am quite sure that they will raise the debt ceiling, because it will have significant impacts on their ability to raise money in the future if they go into a mini-default.

As a result, I've just been looking at the currency charts recently and the yen is jumping upwards in the midst of this uncertainty. I've already diversified some of my funds out of yen an may look to purchase more foreign currency as I think that the markets will be fairly unstable.

It will be interesting to see how things will play out over the next few weeks, but I'll be lining up a cascading orders in CAD and AUD should the yen spikes up some more.