JAPANESE YEN
updated 10/4
Were relatively quite pending yesterday's
FED "no action" and now focus on the
ECB's (European Central Bank) Thursday meeting where a decision will be made regarding the
rate of the EURO (they WON'T raise it). OPTIONS for OCT expire on FRIDAY and with US and
Canadian unemployment figures due that morning strength in the DOLLAR seems apparent. I
LIKE JYEN 9250 PUTS for 18 points ($225) and SWISS 5800 PUTS (at the money) for 30 points.
Since the JYEN is a little weak right now (down 35) wait for a "pop" to 9300
before DAYTRADING on the SHORT side with a stop at 9312.