Position update

Here are the trades I am active in:

USD/JPY
Long USD 3m short Yen at 103.10 average. (reopened again at 89.63 after freezing at 96.97)

Current rate: 91.10

Current: loss

Comment:
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).

NZD/JPY
Long NZD 2m short JPY at average of 54.54
Current rate 52.70
Current: loss

Comment:
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.

EUR/USD
Square
Current rate 1.3844
Comment:
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!

AUD/USD
Square
Current rate 0.6930
Comment:
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.

NZD/USD
Long NZD2m short USD at average of 0.5668.

Current rate:0.5780

Current: gain

Comment:
I have posted before my reasons for the NZD/USD testing higher over the summer.
See here.

Previous balance: NZD1,051,735.00
Plus JPY gains of NZD423,580.47 above

Total gains banked since August 2007:

NZD1,475,315.47