The USDJPY traded to a high of 113.29 on January 5th and then consolidated slightly lower, just below 113.00
On Monday, January 8th, USDJPY made another attempt to surge upwards, I decided to sell the option at 113.30.
A nice trading profit of 82yen!
During the last week and into the first week of January 2018, the US Dollar took a beating from all the majors.
On January 2nd when I opened up my computers and looked at the FX markets, the USDJPY looked yummy.
So I decided to buy a call option with the following details: –
Strike; 112.08
Premium; 40bps
Breakeven; 112.48
Expiry; Friday, January 12th
Let’s see what happens………..
I am born in the Year of the Tiger.
The Panthenon Investment Group 