The portfolio continues to experience strong gains due to a weaker JPY. The overnight news from Japan was encouraging. The country’s leadership is starting to change its rhetoric from a willingness to inject liquidity if the economy needs it, to the economy is slowing down and we need to be proactive to promote demand. The BOJ does not meet this month so plan will not be announced until June at the earliest.
AUDUSD has given back some of its gains which was expected due to the significant move during the last few weeks. The RBA will release the minutes from last week’s meeting which will give insight into when it plans to cut rates again. Currently the market sees one more rate cut of .25 that will occur late Q3.
|Open P / (L)|
|Side||(USD)||Cost||Price||Difference||P / (L)|
|Open P / (L)||2,288|
|Closed P / (L)||(522)|
|P / (L)||1,767|
|Closed P / (L)|
|Closed||Pair||Side||(USD)||Cost||Price||P / (L)|