Volatility is low, so it’s increasingly more difficult to do intra day spot trades.
I felt the timing was more appropriate for options so decided to execute the following options: –
1 Month GBPUSD Put Option – Strike at Spot 1.2565, premium at 129bps and BE at 1.2436
1 Month USDJPY Call Option – Strike at Spot 108.85, premium at 1.43yen and BE at 110.29
Let’s see what happens.