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I was considering three call options in the AUDUSD, GBPUSD and USDJPY.

In hindsight after the ‘whack’ from Bernanke, it now appears that of the three possibilities, only the USDJPY would have worked out well.

You will remember that the possible call option on the USDJPY was at a strike of 94.90 with a breakeven at 96.99 and a heavy premium of 1.89.  The current spot is at 97.57 and it looks like there is a fair chance that it could go higher by the end of the week, if more positive US data is announced.

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