Here are the trades I am active in:
Long AUD 3,735,990.04 short JPY at 82.79 average.
Current rate: 77.60
Current: Loss by 519 points.
By buying AUD I have converted this trade from a crappy USD/JPY deal to a AUD/JPY deal. See post here. Now waiting for the AUD to react to commodity moves. Target is 85.00 enroute to 105.00.
Sold USD3m and bought AUD at 0.8030, thus making the USD/JPY trade long AUD3,735,990.04 short JPY at 82.79.
Long NZD 3m short JPY at average of 57.23.
Current rate: 61.82
Current: Gain 459 points.
I remain comfortable with carry trades with the NZD/JPY up over 40% this year! Happy with the current exposure.
Current rate: 1.3940
Overall I see the USD weakening considerably due to quantitative easing pressures. So if pressed I would go long euro. But see more profit in other trades at present, so will not commit the capital.
Back to square
Current rate: 1.6504
Long GBP1m (1.5050) short USD at 1.5690, for a gain of USD64,000 (at 0.6150) NZD104,065.04 (not counting carry interest).
Definitely took profit too early, but I needed my limit resources elsewhere.
Long AUD2m short USD at 0.7312.
Current rate: 0.8060
Current: Gain 748 points.
With oil in demand, and commodities generally pressured higher, I remain comfortable being long AUD. Happy with the current exposure.
Long NZD2m short USD at .6241.
Current rate: 0.6422
Current : Gain 181 points.
Now that the downgrade is off the agenda, and interest rates look to have stopped falling, there is nothing holding the NZD/USD down. Target 0.6500 enroute to 0.7000. Happy with the current exposure.
Unrealised gains NZD200k (AUD/JPY –312k, NZD/JPY +223k, AUD/USD +232k, NZD/USD +56K).
Previous balance: NZD1,638,800.86
Plus GBP/USD gains of NZD104,065.04
Total gains banked since August 2007: