Last week, I short the USDJPY at 102.95 and again at 103.52 for an average cost of 103.23.
By the end of the week, I was getting uncomfortable with the possibility of a strong NFP, so I decided to cut loss at 103.53 and took a loss of 0.30 yen.
Late Friday, USDJPY strengthened to 102.80 just before NY close behind a softer NFP. However, the NFP of 156K versus expectations of 171K wasn’t too bad especially, since the previous month was revised from 151K to 167K.
The US is on track for a rate hike in December 2016!!!
The Panthenon Investment Group 