Sterling has been blasted lower after BoE governor Carney cast doubt on a previously pretty-much-expected UK May rate hike. The EU's rejection of Britain's latest Brexit-Irish border plan only served to deepen the rot.
Strategic trade
Trade view / 18 August 2016 at 9:53 GMT

#SaxoStrats. UPDATE 2: Using options in USDJPY

Head of FX Strategy / Saxo Bank
Price target:
Market price:

Our long USDJPY trade from yesterday was stopped out overnight but we're now going in again with an option. 

We buy a Sep 23 USDJPY call, strike 102.50, (84 pips) target open until expiry. This keeps us with a position over the Bank of Japan and Federal reserve meetings on September 21. All the same arguments as originally mooted yesterday still apply, we just had poor timing/stop level and want to give the trade a chance.

— Edited by Clare MacCarthy

Non-independent investment research disclaimer applies. Read more
Leg Leg
Why isn't that particular week (21st) not coming up on my Options board? Thanks
Global Sales Trading Global Sales Trading
Hi Leg, the options board is designed to show the nearest 4 Wednesdays, thereafter monthly, this is to avoid over loading it with expiries. Opening an options trade order you have the full flexibility to select the expiry of your choosing.
Leg Leg
thanks for the prompt reply
SierraPt. SierraPt.
Dear Saxo team, can you please give any update on your equity model portfolio, since it's been no update or recommendation for 2 months already. Thanks!


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