Evening All!
So these past 2 weeks in almost every aspect of analysis the Japanese Yen has shown weakness against alot of different currencies as I'm sure most of you have noticed.
I currently have 2 open short positions on JPY but from what the LogikFX analysis and my own analysis is telling me is that there is alot more JPY pairs that have a very strong short bias.
But, how many positions do you allow yourself to take on one specific currency?
Now I know Matty touched upon this on a thread created by Micheal but it'd be interesting to see if people have different views on what they will allow themselves to be exposed to.
So for example, you could say 2 pairs maximum with JPY shorts in and that's that.
Or do you calculate exposure on a % basis?
Maybe you don't have any strict rules in place and trade what the analysis is telling you, regardless of open positions?
What's everyone's thoughts?
All in bois