Trade view /
18 August 2016 at 9:53 GMT
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