There was a morning rally versus the dollar and I took advantage of it by shoring up my position for the weekend. I closed out my USD/JPY position at 114.02 for 0 profit but also 0 loss. I'll wait for the weekend to develop a plan to enter a position come Sunday or Monday. I might have toughened it out a little longer but there were offers/bids at this same level exactly a week ago. So should I have reversed my position and bid at 114.02. Maybe. I may have another opportunity to put a offer at 115.00 if we continue to range trade next week.
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