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EUR/JPY Put Signal 10 Dec 2015

Signal details
Entry Price: 
133.00
Close Price: 
133.06
Expiry Time: 
21:00 GMT
Result: 
OTM
How we trade
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The EUR/JPY has slumped during the European session to levels unseen since last Thursday when the European Central Bank (ECB) surprised the markets by not cutting rates as aggressively as expected. As a result the currency markets have priced out some downside risks and the EUR/JPY rallied strongly testing above 134.00.

In the meantime, ECB officials have issued another set of statements reaffirming the position of the President of the central bank, Mario Draghi, that further easing is possible, but market expectations have been unrealistic. As a result we expect that the EUR/JPY will continue on its way lower in the aftermath and are looking to buy daily puts at 133.00.

Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. He has no business nor personal relationships with any mentioned government entities or stocks. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion.