Monday, October 4, 2010

USDJPY

I have been buying this pair for a week now.

currently holding 1.2 mio long with 83.949 average, with a bid for 200k more at 93.67 (if filled I am playing $140 per 0.01 movement) and the pair currently has a daily ATR of 80 pips over the last 30 days. So potential VaR for the day is +/- 140*80 or $11 200 usd.


I am convicted that USDJPY will rise going into the end of the year, and will keep buying.

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