USD/JPY Extends Gains Ahead of Data

by Benzinga Staff
August 30, 2016 11:27 AM | 28 seconds read | Make a Comment

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

USD/JPY is trading at 102.92, up 1.09.The pair has extended the session gains as overseas forex traders wind down trading for the day. Market talk about money flows and comments from policy makers is making the rounds. Chatter about Japanese economic data due out this evening is starting to show up. Japan's Ministry of Economy Trade and Industry is scheduled to release industrial production data at 7:50 p.m. ET. The Ministry of Land, Infrastructure, Transport and Tourism (MLIT) monthly reports on housing starts and construction orders are due out at 1:00 a.m. ET.

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

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Posted In: FuturesForexMarketsJapanese YenUSD/JPYyen

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