USDJPY: closed at BE

12.42 gmt

Markets are very slow and with no data due we can expect the same into the end of the day apart from a little flutter around option expiry. The Japanese upper house elections are over the weekend and although the results are fully expected to be in Abe’s favor and probably priced-in, I reckon its prudent to be flat in the yen pairs.

I’ve therefore  closed my UJ trade at 100.30, BE. Flat in UJ and EJ into the weekend.

I’ll probably go flat in the other pairs too, will wait and observer for a little while.


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