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Correction: Sell dollars against Japanese yen

11 May 2009 / Issue # 513 Correction

Dear Money Trader Subscriber:

Please see the correction to the futures profit target below. Sorry for any confusion this might have caused.

I recommend selling dollars against the Japanese yen on a stop basis as follows:

Forex:

Sell USD/JPY on a stop basis if below 97.30

Stop-loss order (buy) if above 98.36

Take profit (buy) at 95.73

Futures:

Buy JYM9 at 10271 on a stop basis

Stop-loss order (sell) if below 10164

Take profit (sell) at 104.41

Current prices

Forex: 97.33

Futures: 10282

Stay tuned for details.

Regards,

Cornelius
The Money Trader