SETUP: The press put a damper on the USDJPY bullish trend starting on Sunday. What spoiled the USDJPY buying party was an article indicating that several of the Bank of Japan (BOJ – Central Bank of Japan) officials did not think more monetary easing was necessary (monetary easing weakens the JPY and causes the USDJPY pair to trade higher).
TRADE: On Monday bought Binary put options (bets that the USDJPY pair would close lower on Tuesday).
RESULT: Win at better than 10 to 1 risk reward
LIVE TRADING CHAT ROOM:
Still had the USDJPY bullish view on Tuesday’s webcast as well; allowing to catch the rest of the down move?
Here are the click and play links if you are interested