Closed USDJPY @ 97.76

21 Aug, 20.06 gmt

Closed USDJPY long at 97.76, -7 pips.

Not comfortable with this trade as price action near 98 level not encouraging. Also US stock markets have fallen, Nikkei futures are down. Recently UJ has been closely correlated with Nikkei so this portends difficulty for the UJ bull case.

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