AUDJPY (BUY put option): We recommend that investors sell the short-term ‘insurance’. The spot rate of AUDJPY has fallen by more than 4% since we launched the recommendation 10 days ago. Since mid-April, the cross rate has fallen by more than 8% and if we check the technical indicators, they indicate that AUDJPY is oversold in the short-term universe, and therefore risk/reward has now become too low. We recommend that investors sell back the option. Hence we close the recommendation with a
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Close AUDJPY option