FXWW News/JPY crosses/Others/Trade Ideas

EUR/CHF: Chopping my longs for tiny loss as risk-aversion returns

I’m giving up on this pair yet again and taking my 20 pip loss. I bought a small position last week at 1.2375 but the rally in Gold and Silver has me a little worried that the risk-aversion trades might take over in the FX market so I’ve sold out at 1.2355.

EUR/JPY is 50 pips lower on the session, a mixture of risk-aversion and ‘buy-rumour-sell-fact’ reaction to the Japanese election. I’d like to try selling this pair again but after being stopped out of a short position last week, I’m leaving it alone for now.

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