When US markets opened, USDJPY looked like it was bottoming out.
USDJPY in the past week created a three leg bottom at around 112.20, does it mean that we can potentially see a short term breakout upwards?
I decided to buy a short dated USDJPY call option expiring on Friday, February 17th with the following details: – Strike at Spot; 112.13, Premium 1.0, Breakeven; 113.13.
Now I have two Long call options on the USDJPY.
Let’s see.
