USD/JPY one more time...breaking on news

Jack Crooks Black Swan Capital

We keep fiddling with this trade…short USD/JPY…we have an extension into the 113.70; which ended up as today’s high…other extensions in the neighborhood. News from Japan:

TOKYO, Dec 14 (Reuters) - Japanese manufacturing activity has expanded in December, a preliminary survey showed on Friday, but export orders have contracted at the fastest pace in more than two years, a worrying sign of weakening overseas demand.

The perverse currency which tends to do better on bad news…

Author

Jack Crooks

Black Swan Capital

Experience Jack has over 30 years of experience in the currency, equity, and futures arena. He has held key positions in corporate financial analysis, brokerage, investment research, money management, and trading.

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