Just a little reminder for all the USD/JPY shorts out there this is an example of costly mistake when you dont exit your position and let a stop loss work....This is what I woke up to this morning, VIZ.
3/29/2010 10:48:38 PM 65417580 Sell USD/JPY -400,000.00 92.300
3/30/2010 2:37:02 AM 65425825 Buy USD/JPY 400,000.00 92.6
3/30/2010 2:37:02 AM Total: -1,295.90
Got some back today shorting the EUR/USD and going long GBP/JPY but still not something I wanted to see. Good thing Im only 20.