Nice ! you must be a long-term trader Out of them, I guess one of them must be yen. Since yen is a safe heaven currency and U.S economy may (or is expected to) enter a strong economic period in the coming year, U.S dollar may strength more at the interest decision next Monday. Yep, I will not trade anymore this year after that too
Yes I'm closing out as we go along. Had a good ride with NZDJPY, over 400 pips but size too small of course. Never wise before only after. Be back mid-January.
Entered on 22nd November at 78.12 Took profit on 12th December at 82.88 I only got a half fill. Price took off without giving me a fill on my sub-78 order. I always split my entries into 2 or 3 tranches. Pleased with the result, unhappy I didn't get the size so this is something I need to work on obviously.
An article on negative interest rate by bloomberg https://www.bloomberg.com/news/arti...atilitis-negative-rates-brexit-and-then-trump Yen fluctuations also surged with the BOJ’s policy shifts, as Kuroda adopted negative rates, disappointed hopes for follow-up action, and then overhauled his whole framework away from quantitative easing toward yield-curve targeting. Things calmed down with the November meeting, and Tuesday’s looming decision is also expected to be a yawner. The unexpected Trump-triggered reflation rally turned frowns into smiles for stock investors, while putting pressure on bonds. Government bond prices climbed about 7 percent in the first half as the negative-rate shock reverberated, before Kuroda’s adoption of yield-curve control and the global sell-off in debt pulled them back. They’re now up about 2 percent for the year. Discussion on negative interest rate https://www.elitetrader.com/et/threads/why-japanese-yen-appreciate-even-under-negative-rate.301272/ https://www.elitetrader.com/et/threads/what-can-one-expect-from-negative-interest-rates.297489/ https://www.elitetrader.com/et/threads/can-interest-rate-go-negative.141827/ https://www.elitetrader.com/et/thre...ive-interest-on-government-bonds-work.297757/ https://www.elitetrader.com/et/thre...am-just-like-bubble-ben-bernanke-here.289653/ https://www.elitetrader.com/et/thre...ive-interest-on-government-bonds-work.297757/ https://www.elitetrader.com/et/threads/the-bank-of-japan-ringing-in-the-endgame.297504/ CPI - Japan p.s.) After all, the negative interest rate caused Yen to appreciate...so I have to wait and observe the pre-announcement movement. The market opens with a gap...I may not trade this one.
Long USDJPY @ 109.90 UPDATE: The rate dropped down below 109.80. THIS would have been my ideal entry level—too bad for me.