Wednesday, March 8, 2006

Fundamentals Rule

It was a tricky day - to deal or not to deal situation. And I've just decided to close one of my two long euro positions at 1.1920 which I picked up at 1.1872 - near the low of Tuesday.

This allows me to feel more comfortable holding a smaller position overnight when the big news are due out.

First up, it's a decision to be announced by BOJ, will it be a policy shift or no shift? I have to resist the temptation to second-guess the outcome... as I have no confidence holding any of the yen positions.

Then, it's the employment report on Friday... bring it on!

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