FX:AUDJPY   Australian Dollar / Japanese Yen
My AUDJPY short is mainly coming from the strength I expect to see in the JPY over the next coming quarter.

Reasons for this come down to the strength seen in the NI225 , continued weakness in the Australian 10 years and capital flows have seen more money go into Japan than Australia at a faster rate.

My TP and SL are calulated using %ATR; roughly you can expect a 4% movement per month in $AUDJPY so I have set a SL of 4% and a TP of 12%.


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