Since I doubled down on my bet against the JPY about 24 hours ago, things started to go my way in a hurry. A rush of positive economic data from the U.S. has pushed the markets higher, which in turn creates more risk appetite for higher yielding currencies. I'm up over 150 pips on my EUR/JPY trade and I'm in the green on my USD/JPY trade, which was about 20 pips from being stopped out for a loss yesterday. With housing starts and initial jobless claims due out any minute, I expect the market to take these pairs even higher. We shall soon see....
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