IMO a change in USDJPY trend does not seem imminent. Why not wait for some "small cracks" to appear?
I'm kind of trying to "front run" that idea. Meaning that when the crack happens and the majority screams for an uptrend break then i'm already liquidating my position. This is exactly what i did with the "long us10y bond / long SP500" idea. Catched pretty much the top in yields. I know most traders love confirmations as it seemingly provides "safety" but i usually have a different approach. Don't hate me b/c of it

Also, when you're doing spread trades like that you really want to catch the extended move, not wait for a retracement. It doesn't help me if UJ trades down 200 pips to "confirm" a bull trend break when the US10Y yield is also trading heavily down.
PS. options help me out here too, low trade size help me out too. There's several ways you can play this and profit even when the market is not moving.
UJ can make a final push higher too for few hundred pips and then trade back below 150 again. I'm not concerned about this.
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