the usd/jpy trade closed @ 117.65 (+2) against a revised stop order. I was hoping it would reach the 117.90's .



USD / JPY

I think we all know where this pair is headed tonight. The 200 day moving average intersects at 116.90, so thats proportedly the new new intervention target. We're at 117.56 and I'd guess that once below 117.5 we could experience free fall. So the next trade , and the first on the new account , will be short 10,000 usd/jpy from 117.53 stop @ 117.90 targeting 117.05



current trades :

eur/usd from .9880 stop @ .9843

usd/jpy from 117.53 stop @ 117.90