Monday, 8 December 2008

USD/JPY update

The USD/JPY is looking somewhat frisky again, but early days yet.

Placed a stop loss order to buy USD 3m sell JPY at 95.50 to unwind my "freeze" trades taken at average of 96.97 and book a small gain. (offset by bigger unrealised losses on original trades of course)

Probably won't get there anytime soon, but best to make sure that I'm back in the game on this trade if we have a serious rally building.

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