AdamFx42's Blog

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USD/JPY broken up to new highs

I went long again Usd/Jpy, Cad/Jpy, and Aud/Jpy after some retracement, after I had already cashed 50K on these pairs
I wish I could have cashed last night on the strong move up to 105.7 but I was asleep :-)
Anyway I wouldn't have cashed anyway I don't think,
would have been nice though - I would have made another 50K, and could start again now
As it is I am still long and break-even now, waiting for the NFP release, which was the plan anyway,
I am counting on a strong figure to break 105.6 agai…
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FOMC meeting yesterday changes little

At yesterday's FOMC meeting a lot was said - but traders mostly read between the lines:
good news (but we are not there yet) concerning economic recovery, most members supported tapering last month,
there is a little worry though about deflation which could slow economic recovery or cause new problems
All in all no real reasons to cause new optimism, and the dollar fell slightly after the meeting
The Euro fell quite hard, too - just before the meeting when dollar strength was greatest in anticip…
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HOANG_MAI_NHI avatar

agree with u

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