Ole Hansen
The US dollar is not the only catalyst in gold’s movement, explains Saxo Bank head of commodity strategy Ole Hansen.
Squawk / 01 September 2016 at 9:18 GMT
Manager / Tashkent designer
Dear Steve,
Actually I have sold gbpjpy now it's high I have maintain stop loss at 139.50.
But to minimise my loss please give me currency pair which I can hedge against gbpjpy so that my loss can be minimise.
Take care.

01 September
Stephen Pope Stephen Pope
To hedge GBPJPY use USDJPY
01 September
vanita vanita
Means sir Steve I have sold gbpjpy so I should buy usdjpy .
I am rgt sir.
01 September
Stephen Pope Stephen Pope
You sold GBPJPY...therefore in effect short GBP long JPY

To hedge, buy USDJPY so as to be long USD and have a balancing short JPY
01 September
vanita vanita
Thanks Steve very much.


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