Goldman Sachs Flags 3 Key Risks Ahead of Europe’s Earnings Season 
Vietnam’s population hit the 100 million milestone. Where’s it headed? 
Bernstein Names IAG, Ryanair as Top European Airline Stocks Ahead of Earnings 
In a rebuke to Trump, the Supreme Court rules that birthright citizenship is the law of the land 
Trump has made more than $1 billion from crypto in a year. How? 
Gold Pulls Back After Hitting $4,180 as Geopolitical Risk Sends Crude Higher 
Citi Raises TSMC Price Target as AI Chip Demand Strengthens Growth Outlook 
Alcohol is one of the most dangerous drugs, yet its presence is ubiquitous in social settings and celebrations 
Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027 
USA at 250: the Black American struggle for life, liberty and the pursuit of happiness 
Buy the Dip: Gold Holds Strong at $3980, Targets $4150 
We kept reiterating that Yen to curiously get benefited from dollar, from last three consecutive weeks from the highs of 125.270 dollar has been losing upto 116.072 (this week's low).
Refer our earlier posts for more reading: http://www.fxwirepro.com/biz/admin/contents/breaking/popup.htm?id=692631
The puts in our straddles have served desired purpose of hedging and fetched unlimited returns for speculators.
Looking at the delta risk reversal of USDJPY, we understand 2 key factors,
- Selling sentiment is piling up in this pair
- Downside hedging costlier than hedging through call options.
In our opinion, it would certainly not be sharp spikes for sure until Fed's meeting, so keeping this in mind, at the money or out of the money call shorting is recommended as a speculation basis. Thereby, high premiums on call shorting can be certainly locked in as our return. The main objective of writing naked calls is to collect the premiums when the options expire worthless. One would write an out-of-the-money naked call every month and if USDJPY stays flat or drops from current spot at 119.090, one would pocket the premiums and repeat the process as long as the perceived market condition remains unchanged.
