Rocketman
Short

USDJPY: Shorting Again

FX:USDJPY   U.S. Dollar/Japanese Yen
73 0 5
Previously, I shorted the USDJPY             pair and took profit. Now, at this time, Japanese exporters among others are buying the Yen and there is repatriation of the Yen back into Japan. This shall make the Yen move up once again, at least for now. This should limit the move up in the USDJPY             pair; hence, my second short position.

Risk: A surprise in the Japanese Central Bank this week.

Reward:Risk Ratio: Awesome! I either lose some on the one trade or make double. Will short more if it reaches 106.65 and 106.85.

This week I am going preparing for a road trip. I will not be actively looking at the market. So, I am putting orders in and keeping the ones that have been filled since they are swing trades.
Trade closed: target reached