Usdjpy

selling 121.55

 

average price on short 121.455

 

Bond market significant profit taking. Implies inflation fears not justified.

Implies lower forward rates on usd.

 

covered 40's retrace stalled in bonds

 

30's long

 

sold 34's..out of usdjpy.

 

Selling 40's.

121.70 SL TP 121.00

 

covered 36's

 

long 121,17 take profit 130

 

price action seems exhausted. People will look to book profits, not much news out tomm.

Will sell anything higher then 35's with 20 pip SL.