I’ve just gone long EUR/JPY at 100.75 on a very risky day-trade that seems to have nothing going for it! A friend at a US hedge fund recommended the trade, so I’m not asking any more questions and have jumped in, albeit with a smallish position. I’ve put a s/l below 100.45 and a profit target initially at 101.50.
Friday’s are usually risk-off and the trend is against me, but its a cheap trade and I do love a good contrarian play!
