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USD/JPY Put Signal 04 Dec 2015

Signal details
Entry Price: 
123.10
Close Price: 
123.16
Expiry Time: 
21:00 GMT
Result: 
OTM
How we trade
5/5 of 3 ratings

The USD/JPY has been moving higher throughout the day with the latest rally reaching almost 123.10 as of writing. We see this level a s a good one to buy daily put binary options. In the case of the pair closing in on it again, we would be buying daily puts.

Our rationale for the trade is that the non-farm payrolls report which the Bureau of Labor Statistics has published will be rather neutral for the U.S. dollar. While the jobs growth number was decent, a bulk of the gains are in part time jobs, which are not likely to generate much inflation and probably have to do with temporary factors.

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.