JPY crosses/Trade Ideas

EUR/JPY: Selling smalls near 107.40

I’m really not sure what is going to happen in the Yen crosses so as we are currently in ‘rally mode’, I will sell into this and see what happens. For me this is often the best way of trading, simply trade very small lots, buying dips and selling rallies until I get a strong feel for what’s happening.

Those who want to follow my very slow progress can do so in the members section.

  1. If things turn JPY-positive, even just for the short-term, NZD/JPY should be interesting, as everyone is long and we are trading at multi-year highs. When we miss to jump aboard for such a rapid trend, we can at least anticipate the longs getting squeezed at the top. 🙂

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