I added more trades to my anti-Yen position. A went long the EUR/JPY at 148.00 and the GBP/JPY at 184.55. These positions are now up 11 and 70 pips respectively. My larger USD/JPY long is up +73 pips.
The mid-day Yen rally sapped a lot of my profits but I'm sticking with my trades for now. I may reevaluate if we get a down day tomorrow however. The early Japanese elections and the delay of the sales tax hike should continue to weigh on the Yen.
The mid-day Yen rally sapped a lot of my profits but I'm sticking with my trades for now. I may reevaluate if we get a down day tomorrow however. The early Japanese elections and the delay of the sales tax hike should continue to weigh on the Yen.