I have a GBP/JPY strategy which produces big winnings but also big loses sometimes. I am looking for ways to hedge my positions to lower my loses even if they lower my winnings too. The hedge doesn't have to be perfect.
The first candidate seems to be USD/JPY, it seems to move most of the time in syncro with GBP/JPY only at smaller rates.
Any ideas?
The first candidate seems to be USD/JPY, it seems to move most of the time in syncro with GBP/JPY only at smaller rates.
Any ideas?