I've been long Yen/short dollars waiting for a sudden unwinding of the famous Yen carry trade.  With the move from 121 to 115 last week and Monday I decided to cut my position buying back my short yen around 115.6.  I plan to put it back on if it seems the fear around the Yen carry trade subsides and the Yen goes back down to 118.

Disclosures and Confessions: I am still in this short Yen / Long US Dollar positions.  (I am using futures for this position).

Disclaimer: Nothing in this trade log is meant to be specific financial advice or a recommendation to buy or sell. I do not give investment advice. Do your own research. Do not rely on anything in this weblog to make investment decisions. I do not log all my trades here. I only describe or mention those that I think might be interesting. Consult an investment professional familiar with your specific financial situation before buying or selling any security. Options may be for me but they are are not for everyone.  Futures are highly speculative.  You can lose more than your initial investment in futures.