The yen pairs are simply relentless. There has been barely any dip since the take off yesterday. I’m guessing these will continue to go up at least until the NFP later today.
Since I am already in the money with USDJPY, with stop losses well above my entry levels locking in a decent profit, I can afford to take a slight risk on a new trade in the EURJPY.
Long 12 lots ($132/pip) EURJPY at 124.60. SL = 124.20, but more likely to exit based on price action.