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.
The Panthenon Investment Group 