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Yesterday afternoon presented another opportunity when USDJPY dipped below 100.00 to a low of 99.92.

Continuing to believe in my view of trading USDJPY between 100 and 102, I decided to Long USDJPY at 99.99 on a cash trade, that is, no leverage.

Just five minutes ago at 11:35pm Singapore time I squared the position at 100.53 for a trading profit of 0.54 yen.  Again not bad for a low controlled risk trade.

Maybe the next time I will do a leverage trade.

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