We sold dollar against yen last week at 111.20 and although the pair retreated from 111.32, the greenback found renewed buying interest at 110.72 and rebounded again, we exited the position with small profit at 111.00 and price eventually rose to as high as 112.20 before dropping again.
We also sold dollar against euro and Swiss franc last week, a long position was entered in EUR/USD at 1.0800 and a short position was entered in USD/CHF at 0.9910, both positions ended with different levels of loss as the greenback reversed previous weakness.
No position was entered in cable last week.
In short, 3 positions were entered among all 4 currency pairs with total loss of 38 points and the position are listed below:
29 Mar : USD/JPY – Short at 111.20, exited at 111.00 (+ 20 points)
29 Mar : EUR/USD – Long at 1.0800, exited at 1.0765 (- 35 points)
29 Mar : USD/CHF – Short at 0.9910, exited at 0.9933 (- 23 points)
| JPY EUR CHF GBP
Jan + 167 – 85 – 10 + 50
Feb + 200 +150 +93 – 59
Mar -23 -70 -23 – 35
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Y-T-D + 344 – 10 +60 -44
