Closed EURJPY & USDJPY shorts; total +5.3%

9.42 gmt

The markets are waiting for direction, and although the weight seems to lean bearish the bears are not able to overcome the buying yet. In the absence of any significant data release or event risk, the market will be very choppy and react to the smallest of news. I have therefore decided to close these trades at a small profit, as follows:

Closed EURJPY at 125.07, +12 pips, +2.0%

Closed USDJPY at 93.65, +20 pips, +3.3%.

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