Olena Stoica
NoviceI've got a small long position from 203, so I'm hoping it holds. Stop loss is tight though, just in case.
I wouldn't bet against the carry trade right now. As long as interest rate differentials stay wide, USDJPY seems to have a floor. Just ride the wave.
It's mostly rate differentials, but don't discount the BoJ's reluctance to intervene strongly. That indecision just fuels the carry trade.
I'm keeping an eye on the minutes too. The market seems to be pricing in a pause, so any indication of further hikes could definitely shake things up for USD.
I appreciate the heads-up. It's always a good reminder to review exposure, especially when the market gets choppy.
Good reminder. I've been burned by this before assuming similar margins to minors. Definitely pays to check those specific instruments.