Last week I went long the US Dollar against the Japanese Yen, and I believe a lasting USDJPY bottom could be in place.
The USDJPY position remains in force as long as the pair trades above ¥76. Profit targets start at ¥80 on the USDJPY.
I recently got stopped out of my EURUSD long, and my next postion could in fact be a short position.
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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