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September 07 2011

Commentary by David Fuller

My personal portfolio:

AUD/JPY long trade opened

David Fuller's view Once more unto the breach - I have shorted the yen again, this time against the Australian dollar (AUD/JPY) (weekly & daily), on the hope and expectation that talk of intervention by Japan's new prime minister will be backed by action, as we saw with the SNB yesterday. I established this trade buy purchasing the December position at ¥81.247, including a 12-point spread-bet dealing cost.

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