JLS Trade: Long USDJPY to Target 112.00 in Short Term

I still optimistic on my long trade on USDJPY to target 112.00 despite of market under pressure by the rumors. Unlikely the Fed to cut the interest rate faster than expected due to uncertainty of the targeted inflation to 1.50 % from current 1.80 %. Further, the rate cutting still offer competitive differential rates for JPY carry traders to carry USD and USD-denominated debt securities. Long trade however executed by multiple tranches for 100 PIPs per tranche until the 112.00 to be reached.

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Long trade however executed by multiple tranches for 100 PIPs per tranche until the 112.00 to be reached.

Thus the trade is interdays low to high for every 100 PIPs tranche