Forex Carry Trade Ideas #1

Hi everyone,

We are currently looking to go long a number of JPY denominated pairs, now that its been revealed that the meltdown is starting to hit Japan also.

AUD/JPY

We are buyers here but with a stop @ 81.00 that’s 425 pips away from where we are now, so buy only a portion of what you budget for. Take a “less than cash” position size ( 100k acct value take position < 100K), no margin.

Remember you’ll be earning Rollover interest which will bring down your basis.

We are in @ 85.21 with a stop at 80.90  -430 pips  position size is 33% of cash