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Thread: yen call 4/24

  1. #1
    Legendry Member Michael Hodges's Avatar

    yen call 4/24 !!!

    yen call 4/24
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    yen Call 

  2. #2
    Specialist Member LesterK's Avatar
    It is too close to the 100 level and too dangerous for downside spikes, like the one yesterday. Also there is not a strong momentum to be sure that there will be good upside move which will test the 100 zone. That is the reason I won’t trade calls on the USD/JPY and probably will trade puts if we come closer to the psychological barrier at 100.

  3. #3
    Legendry Member Michael Hodges's Avatar
    Quote Originally Posted by LesterK View Post
    It is too close to the 100 level and too dangerous for downside spikes, like the one yesterday. Also there is not a strong momentum to be sure that there will be good upside move which will test the 100 zone. That is the reason I won’t trade calls on the USD/JPY and probably will trade puts if we come closer to the psychological barrier at 100.
    I am totally trading the BOJ meeting tomorrow. I expect some form of addition or change to the stimulus and devaluation program that will break this trade out to the upside.

  4. #4
    Senior Member Deanfx's Avatar
    When will be the exact time of the BOJ announcement? I didn’t see it in the economic calendar. Is it tomorrow morning or Friday morning?

  5. #5
    Specialist Member marvel's Avatar
    It is Friday early morning. Check Bogdan's article for more details.

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