Counter Trend USDJPY

FX:USDJPY   U.S. Dollar / Japanese Yen
68 1 1
Short 102.5 for 97 SL at 103.5
Trade 3 of Swinging for pips
Accumulated Pips 47~ needs updating

Counter trend Bias:

The current developments in Japan, where there is the perception that the reform process is slowing and that the BoJ is not yet ready to respond with renewed easing measures, suggest a more cautious approach from Japanese investors. This is consistent with the setback in the Nikkei as well as the large increase of Japanese sales of foreign bonds.
With China's recent news, closed trade on march 7 2014 at 103 for a loss of 40 pips.
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