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USD/JPY Put Signal 11 Dec 2015

Signal details
Entry Price: 
121.00
Close Price: 
120.86
Expiry Time: 
21:00 GMT
Result: 
ITM
How we trade
5/5 of 2 ratings

The USD/JPY has been trading lower throughout the day as risk aversion has crept through the stocks and commodities markets, pressuring the price of oil and stocks. This has boosted the Japanese yen across the board as it is fast moving towards 120.00.

The main take away from the news today from the U.S. has been that the consumer behavior and spending patterns appear to be stabilizing after a soft patch. However in the run-up to the weekend, we feel that the trend in the USD/JPY will overwhelm any positive U.S. dollar sentiment. Our intention is to be buying daily puts at 121.00

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.