My personal portfolio
Comment of the Day

December 12 2012

Commentary by David Fuller

My personal portfolio

AUD/JPY long opened

David Fuller's view I am slow off the mark on this AUD/JPY (weekly & daily) long trade given all of Fullermoney's comments on the prospects for a weaker yen in recent weeks. Nevertheless, I am looking for medium-term break up above the range highs near ¥90 shown on the longer-term chart. I chose the AUD for my long position against JPY because of it's nearly 3% interest rate advantage and because the AUD may firm on the strength of Australian resources shares when more people see that China's Shanghai A-Shares Index is ending its bear trend. I paid ¥86.785, including all dealing costs, for a March position.

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