as I took a long trade against the Japanese Yen.
USD/JPY Jan 7 2010
Since taking the trade on December 30th, we’re looking at about an 80 pip gain – our opening price being 92.290. Stops have been moved up to the 14-day low of 91.127 which brings our risk on the trade down to 106 pips.
If the dollar continues to strengthen into the close, we may add another contract.
Earn 2% Cashback and 1/2% on Referrals!
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Tags: Japanese Yen, U.S. Dollar
