David Fuller's view I remain a medium-term bear of the yen (weekly & daily) but with my short position swinging in and out of profit I decided to manage this a little more actively on a Baby Steps buy-low-sell-high basis. Accordingly, this afternoon I sold the least profitable of my USD/JPY longs at ¥94.00 for the September contract against my purchase at ¥93.36 on 14th April. These prices include spread-bet dealing costs currently varying between ¥0.10 to ¥0.13, each way. So far, I am finding it easier to profit from a cyclically bullish view of Japan by shorting the yen. This may sound counterintuitive but Fullermoney maintains that a weaker yen is crucial for Japan's export-led recovery and a relative improvement in its stock market performance.