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April 28 2011

Commentary by David Fuller

My personal portfolio:

USD/JPY long trade increased

David Fuller's view I missed an opportunity to close out all my yen shorts yesterday when the currency weakened on the Standard & Poors rating downgrade. I am assuming there will be other opportunities in this ranging environment and used today's USD/JPY weakness to reopen another long below where I last sold. I bought another Baby Steps position in the June contract, paying ¥81.559, including the 12-point spread-bet dealing cost.

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