January 25, 2009

ECB Rate Decision and China's GDP Revision

China's GDP revised to 13.0 percent (I think from 11.9 percent). Yen was weaker in Asia in response to the news. I had a short position on eurjpy which was in loss in early European session while the ECB was going to cut the benchmark interest rate. I decided to close the position in the correction when the loss significantly declined.





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