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USD/JPY Put Signal 12 Nov 2015

Signal details
Entry Price: 
122.75
Close Price: 
122.61
Expiry Time: 
21:00 GMT
Result: 
ITM
How we trade
5/5 of 3 ratings

The USD/JPY has been consolidating its gains in recent sessions in tight ranges as the market has digested talks from Federal Reserve officials. The main question in the coming hours is whether the U.S. stock market will continue trending lower as it did for the past couple of hours.

We see the USD/JPY as a global risk play and if stocks continue lower, the Japanese yen could benefit somewhat into the close of trading in New York. This is why we are setting 122.75 as a level to watch closely. We will be buying daily put options if we see the price displayed on our binary options trading platform.

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.