Not sure why he’s adding the ‘if necessary’ bit
USD/JPY is edging higher and one prop trader I just spoke with is taking a punt that today is an intervention day. He reckons that the risk-reward is excellent with a stop below 76.00 and a potentially big payday. I must say I have heard this argument dozens of times in recent months and it’s bound to be right sometime. Unfortunately if you get stopped out 10 times playing this card, you need to make 500 pips just to break even.
