The JPY has weakened nicely pass the 103.00 level.
I believe there’s probably alittle more room to move upwards, so I am placing a take profit level at 103.00 and continue to carry the spot position.
If the JPY continues to move southwards, I may consider writing options as a strategy of placing a take profit level and at the same time earn some premiums. I will come back to all of you to explain this strategy.
The Panthenon Investment Group 