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EUR/JPY Put Signal 18 Nov 2015

Signal details
Entry Price: 
131.50
Close Price: 
131.59
Expiry Time: 
21:00 GMT
Result: 
OTM
How we trade
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The EUR/JPY has been trailing lower in recent hours as the pair got pressured by the expectations by the market that the European Central Bank will cut rates further into negative territory. The pair has fallen as low as 131.23 but has since stabilized.

We expect the negative trend in the euro to continue in the coming hours, this is why we would be buying daily puts on prices approaching 131.50. The Japanese authorities have refrained from further monetary easing as the effectiveness of the Abenomics policy remains nonexistent.

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.