Typically towards the end of April. One of the few times during the year when the rollover earned is larger than the spread. You used to be able to earn $100 in rollover (100k lot) on GBP/JPY on a typical 6-7 pip spread. Only problem is that everyone is trying to do the same thing, so the banks widen their spreads, sometimes substantially, around rollover to negate it. Probably better to get in a couple of hours before rollover and let the ill informed drive up the price exiting before spreads widen at their craziest before 5pm . You have a year to plan!

When's that? Sounds like a good day to initiate a long idea ;-) Hehe

np, Japan always has so many holiday's throughout the year. The best one is the golden week holiday where you can have 5-6 times rollover. Makes for some interesting trading around rollover time.

Ahhhh. Makes cents :-P . Thanks!

Got the details.

There's no rollover on the JPY pairs for Sept 18, 21, and 22 due to holiday's in Japan. The rollover was taken into account on Sept 17 with 4 times rollover. Here's the link to the calendar http://www.dailyfx.com/story/currenc...r.2009.xls.xls . It will detail the amount of rollover applied each day. 0 indicates holiday.

Hey Zeke, I'll check on it with the trading desk.

What's changed to result in so little rollover interest?

I'm showing only the AUDUSD paying interest on the buy...

Interesting how the GBP/JPY is failing to rally with equities. AUD/JPY and NZD/JPY look like the strongest pairs to start a carry trade in. In addition to AUD/USD and NZD/USD. USD will become the next funding currency if the fed doesn't give an indication on when rates will start increasing.

Warren Buffet is buying stocks again where does he fall into the smart vs. dumb money group

Lucky for me, I had been playing on & off since I was a wee fifth grader. The job was actually a long shot, (no pun intended,) getting a sales gig infused with a longstanding passion seemed a bit far fetched to actually make a living from. Seemed like a step back at the time, until I posted some big numbers my first year.

Yadda yadda, it was fun while it lasted.

I've liked the Aussie as of late, with recovery bringing conviction back to the carry trade. It'd be nice to trade a position which pays while you hold it.

Although, with the indecision still looming, I've been trying to mix it with shorts of other 'risk' pairs to hedge against any surprise moves. Especially seeing as it IS that time of year...

Just an amateurs take.... Although, I like to quote one of my childhood buddies who now works @ DB in Russia when asked about smart.vs.dumb money, "It's hard to tell the difference nowadays..."

Now that you point out Guitar Hero and a boom in guitars, that makes so much sense. I guess the key is finding out what's hot at the moment and jumping on it. Sort of like trading . But too late for that, once the average joe like myself makes the connection between guitar hero and uptick in guitar sales, it typically marks the top.

I stick with hourly charts or longer. For one thing, I don't have time during the day to trade short term. I've found a couple traders on other forums that actually do pretty good on 5 minutes charts and mad props to them.

Do you trade AUD/JPY exclusively? I'm still a believer in the Aussie especially after their recent RBA statement indicating they'll be raising rates. Maybe I'll take a look at AUD/JPY today.