Its quite a laugh that big players like banks are trading for 100-150 pips. I very much doubt how genuine such figures and data are. I am a small retail trader and my targeted average profits in terms of pips is over 200 and I have been quite successful till now. Such news can't fool people now.
Who Are Still Long USD/JPY & Where Are Their Targets & Stops
The ongoing move higher in USD/JPY triggered the targets on a round of long tactical positions by some banks. 101.50 was mainly the target for these positions with Credit Suisse for example booking 150 pips on its long position from 100 and Commezrbank booking 138 pips on its long position from 100.12. The 2 trades were technical tactical plays following the pair break of 100 around the mid of this month. The next major target for long positions, as indicated by our proprietary eFX+ app, is 103 where Morgan Stanley maintains a long from 99.30 in its short-term macro portfolio with a revised stop at 100.40, then ... (full story)