AUD/JPY : Re-Sold @ 81.99

• Market in Risk On mode, which is good for core book.
• Strong trends ongoing for open trades (eg long CAD, EUR, etc) so not the time to be reducing direct risks.
• However, want to lock in some profits lest Risk On sees any kind of setback. Not difficult to envisage given Japan nuclear, Bahrain, Libya, peripheral EU credits, etc. 
• Hence, put on another hedge - short AUD/JPY @ 81.99. After a dramatic collapse on Tokyo radiation woes, this has now pulled back (equally dramatically) all the way to overhead resistance zone between 82-83.
• As always, my hedges are "trading" (short term) positions vs non-trading (longer term) core.