Wednesday, 6 May 2009


Cut the USD3m freeze trade out at 98.10 and booked a loss from 95.90 (Of course, have a lesser loss on the original trade).

Overall I remain more comfortable being short yen and long USDs. Anything else, even as a freeze trade, does not sit right with me, so have taken the loss and back to an overall long USD position against the yen.

Will update progress to date on all positions tomorrow if I get the time.

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