The 1.5% move in USDJPY was the major contributor to the +$1,000 gain for the week. The drop in AUDUSD also helped and it looks like the down-trend for AUDUSD could move price to our target of .716 within the next few weeks.
All of the success of the fund is encouraging but it could be too much too fast and some of the gains might be given back before the portfolio enters another large move up. The fund is up 30.85% for the year and is relying heavily on the BoJ to weaken its currency in the near future. Abe has decided to not increase the consumption tax until next April which should add to a large supply of Yen and hopefully a move above 112 in USDJPY in the near-term.
|Open P / (L)|
|Side||(USD)||Cost||Price||Difference||P / (L)|
|Open P / (L)||2,095|
|Closed P / (L)||(522)|
|P / (L)||1,573|
|Closed P / (L)|
|Closed||Pair||Side||(USD)||Cost||Price||P / (L)|