David Fuller's view I had intended to increase my USD/JPY (weekly & daily) long position on a setback, using my Baby Steps buy-low-sell-high tactic because I think the longer-term chart shows evidence of base formation development and Japan has made no secret of the fact that it would like a weaker currency. However I had no idea of what was in store this evening when I commenced buying at ¥92.95 for the September contract, below an earlier price for which I had recently taken a short-term gain. I then bought additional equal sized positions at ¥92.05, ¥90.86 and ¥89.64, increasing my overall position by 200%. My intention is to play the ranging volatility by scale-up profit taking during the next rally. During the stock market plunge I covered my S&P (weekly & daily) short position at 1137.88 for the June contract against my short at 1198.13 on 22nd April. These prices include spread-bet dealing costs.