CHF/JPY: Taking some profit off the table
I shorted this pair yesterday morning and a 200 pip profit is not to be sneezed at. I’m taking 60% of the position off the table and will reassess. I prefer the EUR/CHF trade overall but (rightly as it turned out) I felt the JPY crosses might be due for a short-term correction. I’ve also closed out my small 88.75 USD/JPY shorts from last Thursday at break-even. It had a really good chance to go lower last night but didn’t do so.