On June 8, I decided to buy two USDJPY call options; a 1 month and a 3 month with the following details: –
1 month USDJPY call option expiring 10 July
Spot 109.50, Premium 1.02, B/E 110.52
3 month USDJPY call option expiring 8 Sep
Spot 109.50, Premium 1.68, B/E 111.18
I am confident that USDJPY will resume its march back up to 114.
Let’s see.