Is JPY done?

12 באוג׳ 2024

I don't think so... The xxxJPY pairs recovered after a steep decline. I don't believe the rise in JPY strength is over yet. To support this belief, I opened a sell position just as the pair reached extreme levels in the supply zone. This decision is grounded in the belief that the recent uptick might be short-lived and that downward momentum could resume. The hedge order placed above is a risk measure in case the pair does not behave as expected. Basically all xxxJPY pairs look similar to me. AUDJPY was chosen for it lowest negative swap fee.

15 באוג׳ 2024

הפקודה בוטלה

JPY looks too tired to do anything. I closed the trade at breakeven and used freed up margin on EURNZD as it looks more energetic and ready to deliver.