Quote from HATEtheRisk:
Do you also think USDJPY sucks extreme since the last 3-4 months, the market is totaly boring, it is just moving not straight enough like the other fx majors, its acting like a low volume commodity and spiking around all the time, that sucks, i liked to trade the USDJPY a lot back in the days, but since that tsunami in japan the market changed completly, imo.![]()
Just saw your question. yeah i haven't traded u/j for last 3 months I guess. My last big trade was when boJ intervened on 31st Oct. I made 1.6k that day, my account size is super-piker size, otherwise i could have made 100x (160,000) that day. It was 'the' trade. Yeah e/c is kind of easy right now if you are willing to hold the position ad infinium. Just lever your account 5x/10x, buy it (its slightly positive carry with oanda), and keep it for 1 year. If it reaches 1.30 sell it, otherwise close the position after 1 year. Easy trade
