May 12 2008
EUR/JPY: Waiting Paid Off
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Getting out of the EUR/JPY short in expectation of being able to get back in at a higher level has ended up working out for me after all. I’ve been able to start rebuilding my position a couple hundred pips higher. I still like the scenario playing out for a run at least into the middle 150’s, if not the lower 150s in the weeks ahead.
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