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First Trade for 2018 @ USDJPY Call option expiring Friday, January 12th

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………..

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