NZDJPY Option Trade Review: RBNZ Decision Yields Mixed Results
A NZDJPY call option trade performed poorly as the RBNZ delivered a widely expected decision, leaving NZD slightly stronger while USDJPY rallied. The option expires in one day, leaving the outcome to chance.
NZDJPYUSDJPY
A trader reviewed a NZDJPY call option trade, noting poor performance. The RBNZ's decision met expectations, causing the NZD to strengthen modestly. Meanwhile, USDJPY moved higher, adding uncertainty to the NZDJPY cross.
With the option having only one day left until expiry, the trader described the remaining outcome as a "random prayer" for intervention from Japan's Ministry of Finance (MOF), implying no clear directional catalyst remains.
Source: FXStreet Forex News