Expecting some more ranging and shorter short volatility in the stock markets which will affect the JPX pairs. as posted in my previous USDJPY posts which played out. this pair although works on a good technical perspective has a lot of fundamental use case behind it to driver price a lot be it long or short.. lets see how patience will pay of on this position with a 0.45% risk exposure.
Trade closed: stop reached
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trade closed out at a loss. heady fundamental / earning report from the US Equities side which has a strong correlation to the USDJPY pair. as people dump JXY for more investments in the US hence strong dollar momentum . My fundamental approach on this was wrong