06 October 2010

USD/JPY : Floodgates Open ?

  • Low pre-BOJ intervention was 82.85.
  • New low tonight so far 82.77. Now at 82.93. 
  • Stopped in at 82.83, increased short position. Could be completely stupid or very profitable. All I care about is following my chart and disregarding the noise and other considerations eg central bank with unlimited firepower to intervene.

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