Progress Report [Foreign Currency Trading Diary 12]

Hello! This is Yuki, and it looks like my car is nearing the end of its life! (Engine oil leak is highly likely)

In terms of Renofa-related trips, the number of points I've brought home with this car, from places like Kagoshima and Nagasaki, is immeasurable.

Well then, my foreign currency trading diary has now reached seven consecutive days of posts! (Celebratory emoji)

Today's article will be a report on the trading situation for Thursday, 7/24, and Friday, 7/25! There's nothing difficult today, just a straightforward progress report, so please watch until the end and hit that like button!

Now, here is today's starting lineup!

Review of the previous post

Let's start with a quick review of the last post. Last time, we studied the lecture by Bank of Japan Deputy Governor Uchida and the accompanying price movements in the dollar-yen.

If you haven't seen it yet, please take a quick look.

A perfect Thursday

Now, let's finish the review quickly and get to the main topic. First, let's go in order and start with the trading situation on Thursday, 7/24.

When I returned from my part-time job on Wednesday night and checked the exchange rate of the US dollars I currently hold, it had moved in the direction of the yen strengthening, and the dollar-yen price had dropped significantly.

When I checked again on Thursday morning, it had dropped even further, entering the 146.0 yen range.

As I learned in the note from two posts ago, I also checked the stock prices. They had risen beautifully from yesterday to today.

This is a stronger yen! So, I decided to buy US dollars while I could.

I bought 20,000 yen worth at 1 dollar = 146.02 yen. Combined with what I bought on Wednesday, my savings account now holds 50,000 yen worth of US dollars.

By the way, the portion I bought on Wednesday was at 1 dollar = 146.65 yen, so I am currently in a loss position. Even so, I felt that if the yen is this strong, there is a prospect of recovering the profit, so it would be a loss not to buy, and I went ahead with the purchase.

As a result, by the evening, it moved significantly in the yen depreciation direction! The loss recovered to a level where it seems I can break even.

The white circle is the time I bought the US dollar. As a result, I was able to buy it when the price was at its lowest for the day.

Already 100 points. In light of this, the J.League should make an exception and abolish the relegation to J3.

At night, it rose even further, breaking through 1 dollar = 146.8.

Profit was successfully made. Hurray, hurray. I wish J2 could earn points as easily as this (sobs).

However, thinking that it might rise even further, I decided to wait until Friday morning.

30-point Friday

It is the morning of Friday, 7/25. I still hold the US dollars without selling them.

The exchange rate rose significantly during the night, and the US dollar reached 1 dollar = 147.35 yen. The result was that the price grew by 1.3 yen in one day.

It's just like Montedio Yamagata at the end of the season.

After that, in the afternoon, it fell to 146.7 yen.

I am still making a profit, but I decided to sell.

The reasons are as follows.

For the reasons above, I decided to convert back to Japanese Yen.

The amount I bought for 50,000 yen was 341.52 dollars, so I sold it for the same amount.

Got a profit of 114 yen✨

I would like to buy again if the yen strengthens.

By the way, I'll keep it a secret that it temporarily rose to 1 dollar = 147.8 yen later that night. (I regret not waiting until night)

Balance Announcement

How was it? It was a short and easy-to-read note, wasn't it?

Recently, I've been trying hard to keep each article compact for fear that long texts might cause readers to leave. (I took the plunge today.)

Please let me know your thoughts.

Also, since I haven't announced the balance for the past few times, I will announce it here for the first time in a while.

(Drumroll please) (Self-drumroll)

Dum

The details are as follows.

7/21 (Mon) 17:09 → 7/25 (Fri) 23:58

Total: 101,283 yen → 101,048 yen

Breakdown
🇺🇸US Dollar
・Savings account 0 yen → 0 yen➡️
・Time deposit 50,735 yen → 50,612 yen↘️
🇪🇺Euro
・Savings account 20,118 yen → 0 yen↘️
🇯🇵Japanese Yen
・30,430 yen → 50,436 yen↗️

Those who have been reading my articles so far might understand, but due to the yen strengthening and making a few mistakes here and there, the total balance has decreased slightly this week.

I hope I can get it back up to around 101,500 yen next week!

That's all for today's article.

Let's enjoy the weekend to the fullest!

Please click the heart icon before you leave!

(You can find the articles I published this week here!)