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USDJPY

NFP friday is behind us and Ukraine is back in focus as I said in my last post.
Tense geopolitical situation favour the JPY strength and the shizo EUR, DX under the 80 from early april [08.04.2014].
This is the R [4h chart] for USDJPY
102.10
101.70
101.50
101.00
100.80
There can be some upside move but I think that will be just impulsive move, caped with 102.8 - 103.00 as a good entry area.
I have a open short position @ ~102.3, I will keep it for 30 to 50 pips and revers it for the 102.5 target. [/4h][/08]…
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USDJPY option play

USDJPY - learning to trade option strikes
On friday pre NFP there was a trade for usdjpy@103 for wed. 15.02, I make a several short trades in profit (apx.50 pips per trade). Today option for 106 strike was traded for friday 17.02.
Till wed. I`m short USDJPY, then I will reverse the position.
Today I also enter the long position with tight sl to collect some pips on correction as RSI unwinds from over sold readings.
This month I will focus on USD JPY option as a test, then i will focus on broader…
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