Weekly review

Monday 11 September began with the Japanese yen gapping higher following comments over the weekend regarding potential tightening of monetary policy. Once the dust settled, it became apparent that this attempted at verbal intervention wasn't going to be enough to stem the tide of JPY weakness and yen shorts became the theme of the week.

In other news, after weeks of negativity out of China, some positive data brightened the mood and the AUD and NZD benefited accordingly. The Canadian dollar also had a strong week, helped once again by the rising oil price.

On Thursday, the ECB all but confirmed the end of the hiking cycle with a 'dovish hike' which weakend the EUR and took the GBP with it in sympathy.

I will start next week with my short JPY Bias intact, and also keeping an eye on potential EUR short opportunities.

On a personal note, it was a profitable week, with four trades, all of which were USD JPY longs.

Trade 1:  USD JPY  +1.5

Trade 2:  USD JPY  +1.5

Trade 3:  USD JPY   -1

Trade 4:  USD JPY  + 1

Total:  +3%

Total since start of blog = +7 %