JFx Special Situations portfolio closed out its long Usd/Zar position at 10.8190. I was looking for 10.8800 but the risk-off sentiment on the Asia open took this pair 5 big figures higher so I’m taking the profit here. The net profit is 1,375 ZAR pips/ 127 USD pips.
Note: A trade size of 100,000 in the base currency. Pips are shown in currency terms and US dollars terms. US dollar equivalent pips are used to normalize the model’s returns.