Trade idea: Japanese YEN Futures

I haven´t posted here for a while, I guess. Maybe even longer than a "while". LOL!

Anyway, opportunity arising in JPY CME Futures.



Very clear, easy set up. No rocket science here. Beautiful break out, now re-test of trend line. Should be making next upward move soon.

Target: 0.93585.

Risk: make an informed guess! ;=)

 

another way of looking at it ...

 

Just to be snarky, don't you mean 0.009?


0.93 etc would be something like 2,000,000 ticks. Hehe!

 

Well, that would be fantastic, or?

Anyway, buying the "dips"!

 

EOD = delta hedge in place. Bought some more futures MOC. Now, either JPY will do another leg down before doing the nasty rally or we will rally right away from EOD closing price. We shall see.

Anyway, ready to rumble!

 

So, if my math is right, turn-around-Tuesday is just about to make this a profitable set up...

Let´s see.

 

US Trade Representative Lighthizer:

• Says US, Japanese top trade officials discussed goods, including agriculture, and digital trade in Washington talks
• Says US side raised concerns about "very large" trade deficit with Japan, agreed to meet in the near future

I guess, the fun in JPY has just started.....

 

I think the fun has finally started! Comes handy that 11 day holiday season is in "between"...

 

Thanks for reminding us.
Now time for me to archive my Japanese futures chart and remove jpy contract from my trading platform.
past 3 years, its day range has been rather small and pathetic.

SAYONARA JPY !!!

 

Houston, lift off! Stay long - Some nasty 800 ticks from here to lock in!