Looks like it’s yen bulls again today, from 101.24 Asia morning, it’s now 100.18.
The fast and slow stochastics were also trending below the 20 percentile level.
True to my view, I executed a fresh cash position; Long USDJPY at 100.15.
Let’s see where this takes us.
At about 7pm on Friday, August 12th, I saw the yen starting to fall from its peak of 102.23, my gut feel was telling me that this is a window I had missed a few days back when I thought it would go higher than 102.
So I decided to square off my cash position at 102.10 against my entry of 100.80, it was a nice trading profit of 1.3 yen.
I am born in the Year of the Tiger.
The Panthenon Investment Group 