Review on USDJPY position

Yesterday 11 August, I had bought bought 10,000 USDJPY at 109.90, stop level at 108.80, target level at 111.00.

The trend has turned in favour of the US dollar. Falling oil and commodities prices have provided relieve to the US economy. Market expects Japan economy to approach recession has weaken the yen.

Currently USDJPY is trading at 110.00, unrealised gain is US$10.29.