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USD/JPY Put Signal 18 Dec 2015

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Signal details
Entry Price: 
Close Price: 
Expiry Time: 
21:00 GMT
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The USD/JPY has sharply rebounded higher in the aftermath of the Federal Reserve's decision to raise interestrateso n Wednesday. However this Asian morning, the Bank of Japan has caught the markets by surprise with the issuing of a statement that it intends to start purchasing Exchange Traded Funds (ETFs) aside from government and corporate debt.

This has resulted in a massive spike in Japanese stocks and the USD/JPY, which somewhat surprised investors. However after a period of 10 minutes, the markets decided to discount the news, since the balance sheet of the Bank of Japan would remain unchanged. This is the reason why we are looking to buy daily puts around 121.30 today.

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. 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. All risks and coasts associated with online trading are your responsibility.