Wednesday, June 24, 2009

June Trade # 27 - BUY USD/JPY

June 24, 2009 2:54 pm (Manila)

2nd half is out at breakeven.

Summary for this trade:

1st Half: +60 pips
2nd Half: 0 pips

Total: +60 pips

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June 24, 2009 1:20 pm (Manila)

Limit 1 has been hit at +30 pips/lot for a total of +60 pips.

Trade has been made risk-free now by moving 2nd half stops to breakeven.


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June 24, 2009 8:02 am (Manila)

BUY USD/JPY @ 95.35
Stop - 94.77
Limit 1 - 95.65
Limit 2 - 96.15

At 7:50 this morning, Japanese Trade Balance came out better than expected. I expect this data to push the Japanese Yen lower against the USD as investors jump to the higher yield of the greenback in the background of improving economic climate on the Japanese islands.

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