EUR/JPY: Think I stopped out near the top
Certainly not the first time I’ve been stopped out near the top and probably won’t be the last. My entry levels were sloppy and I paid the price for lack of conviction. Overall I still like the Yen crosses lower, as I think the current ‘risk-on’ stance in the market is reckless. My preferred pair to trade this view is EUR/JPY and if I were to consider trading the Kiwi again, then NZD/JPY looks like a reasonable alternative.