May 3 (Wednesday) FX, Bitcoin FX, deal report
Everyone, thank you for your daily deals.
How are you spending Golden Week?
Japan is in the midst of Golden Week.
The old-style mobile phone was as if it had overfilled with alcohol last night, and today, like fried fish, or perhaps a whale, it slept like a walrus.
Now, regarding today’s deals, the Nikkō/OD rate trades are closed for Golden Week holidays, and trades were made in the USD/JPY, Turkish lira/JPY, Brazilian real/JPY, and Bitcoin FX markets.
We sold a bit of USD/JPY and built a long/short position at a 4:1 buy-to-sell ratio; for USD/TRY, we also sold a bit to create a long/short hedge at a 5:1 buy-to-sell ratio; for the real (BRL/JPY), we took partial profits on the long position and trimmed the positions.
Bitcoin was traded bit by bit as well.
● Garela-kei (feature phone) trader who mainly trades Bitcoin FX on bitFlyer
There is FOMC later today; there may not be much volatility, but the focus will be on how they comment on possible rate hikes in June.
The employment report in the United States is the day after tomorrow. Last month I skipped the employment statistics trades, but this month I plan to participate.
Also, this weekend is the second round of the French presidential election.
This week is Golden Week in Japan, and with many events lined up, please proceed with caution and enjoy your deals.
Wishing you a continued pleasant Golden Week.
=======Gara-kei Trader (Hayato Igarashi)=======
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