USD/JPY: Short-term hedge fund strategy
These guys throw around quite significant amounts so its good to get a feel for how they are thinking.
If USD/JPY breaks back below 93.00, look for any 40/60 pip rallies to get short on with a stop above 94.25 and a target around 89.00.
Probably looking at a 100:400 risk-reward ratio which you would certainly need as you’re fighting an ultra-strong trend. What I do like is that he is waiting for some confirmation of a weakening short-term bull trend before committing to any trade.