FX TRADING CALL ON SHORT USDJPY DATED 30 SEP 2008
in view of the volatility, i am covering my usdjpy short at current level 104.30 instead of my 103.80 giving me a profit of 50 pips.
however, i will continue to hold my long dow future despite the sell off on friday after the bail out package was put into law. i think the crisis is finding its way to europe now and the global market might continue to stay weak for a while. we should see a similar bail out plan coming out of europe soon.
in view of the volatility, i am covering my usdjpy short at current level 104.30 instead of my 103.80 giving me a profit of 50 pips.
however, i will continue to hold my long dow future despite the sell off on friday after the bail out package was put into law. i think the crisis is finding its way to europe now and the global market might continue to stay weak for a while. we should see a similar bail out plan coming out of europe soon.
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