- Unwittingly traded myself into this short EUR/JPY position. Adjustments made to risk table to simplify and reflect effective exposure :=
- Core (primary = short USD = long QE2) : Long Gold, Long AUD/USD. Short USD/CAD, Long S&P.
- Core2 (secondary= mini QE2) : Long TY/Short Bunds.
- Hedge : Short EUR/JPY.
- VARs : Core = 2x ; Hedge = 1x
- EUR/JPY chart not conclusive. Monthly = down. Weekly = not sure. Daily = recent rally strange in that price action overlaps all the way up. I would say the daily chart smells fishy = down.
- Net net, the chart doesn't give real comfort in the short position (nor long). Need to watch closely.
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