Eoin's personal portfolio:
Comment of the Day

November 23 2010

Commentary by Eoin Treacy

Eoin's personal portfolio:

Japanese Yen shorts closed at a net profit

Eoin Treacy's view Considering the additional anxiety dealt the market today with the Korean skirmish, continued upward pressure on peripheral Eurozone yields and corrective environment for 'risk assets', there is potential that the Dollar and Yen could rally further on so called 'safe haven' purchases. Today's key day reversal for the Dollar against the Yen suggests that the Dollar has reached at least a short-term peak. I decided discretion was the better part of valour and sold my USD/JPY longs. These were completed at ¥82.95 against purchases on October 4th at ¥83.34, October 14th at ¥81.56 and two purchases on November 9th at ¥81.81 including spread-bet dealing costs.

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