Beware of Japanese Yen |
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I have been reading about this all the week: the FSA Japan (Financial Service Agency), has decided that all Forex brokers in Japan will be required to reduce their trading leverage to 1:50, from a 1:100 many have these days. I have no clear idea of how the yen crosses will react to this, but one thing is more than clear at least for me: No way I’m going to leave yen crosses positions open this weekend, as it will become effective on August 1st.
If you want to read more about this, check FXstreet.com CEO’s blog:
Filed under: Forex Advisor
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