Last Evening we suggested opening two carry trade positions. By definition a carry trade lasts many days or weeks, so one can take advantage of rollover interest.
I still believe in the premise of the trades, but the trader in me forced me to close the positions at +330 pips on the AUD/JPY, we entered at 85.21 and we exited and 88.51.
On the NZD/JPY trade we took 200 points at 73.30 we had entered at 71.30. We just could pass up +500pips in 12 hours. That being said, we would recommend taking some profit on both trades but holding at least a small position longer term.
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