I have recently closed my USDJPY shorts. Bagged $160+. Not bad
It seems like the US stimulus plans are slowly creeping into currency traders' psyche. I feel that they are starting to lean on going USD heavy. I may be wrong. I backed up my opinion with 5k long on AUDJPY. I saw that the AU economy is still strong and JP will return to carry trading with their confidence returning due to the reason that the US may skirt recesion.
GBP has been strong during the last three days. If I had more capital, I would have traded some longs on any pair with GBP.
Here is my study of last weeks currency action:
AUDJPY, Trade Updates, USDJPY
Sunday, January 27, 2008 |
Posted by
Flea Market Trader
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment