Here are the trades I am active in:
Long USD 3m short Yen at 103.10 average. (reopened again at 89.63 after freezing at 96.97)
Current rate: 91.10
See today’s post on Yen thoughts.
Short USD3m against JPY taken at average of 96.97 closed at 89.63, generating gain of USD245,676.67, NZD423,580.47 (not counting carry interest).
Long NZD 2m short JPY at average of 54.54
Current rate 52.70
I am increasingly comfortable with NZD/JPY carry trades. Will add more if a solid break above 0.6000 is seen in the NZD/USD.
Review at 41.87, being long term lows.
Current rate 1.3844
I can’t make my mind up on EUR/USD. I could see it go either way, so best to stay out of it.
Anyway I have enough up elsewhere to cope with!
Current rate 0.6930
I am watching the CRB index closely, and if this starts to point higher, I will add a position in the AUD/USD. But needs to break up through 0.7100 and sustain it to be more confident.
Long NZD2m short USD at average of 0.5668.
I have posted before my reasons for the NZD/USD testing higher over the summer.
Previous balance: NZD1,051,735.00
Plus JPY gains of NZD423,580.47 above
Total gains banked since August 2007: