I don't understand this: "I am now fully hedged"

aus_SPIder · Oct 15, 2006

or he might just have a forward contract for DM/JPY that he isnt mentioning to us

OddTrader · Oct 15, 2006

Quote from OddTrader:

Q

I managed to sell $750 million worth of yen short before it broke. When the DM failed to resist the rise in the dollar, I reduced my DM position to $750 million. I am now fully hedged, long in DM and short in yen. I did not make any money on the maneuver, but I avoid giving back my profits.

--- The Alchemy of Finance, George Soros, page 271

UQ

Your exploration/ discussion/ input on the above would be appreciated.
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On the same page 271:

Q

Closing 10/24/86:

DM 2.0355
Yen 161.7

UQ

Daal · May 2, 2007

Quote from aus_SPIder:

or he might just have a forward contract for DM/JPY that he isnt mentioning to us
More...

I really doubt this

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I don't understand this: "I am now fully hedged"

aus_SPIder

OddTrader

Daal