Make a killing with EUR/JPY, GBP/JPY, AUD/JPY call options

[jimmyjazz]

Ah, I didn't realize the pair was referred to as a "cross". I thought he was alluding to some sort of price versus moving average technique.

 

[drownpruf]

Quote from Nighthawk:

I am buying some put options from the profits I reaped in the last couple of weeks. EUR/JPY strike 131.00. GBP/JPY strike 160.00. AUD/JPY strike 89.00.

Duration?

 

[FXforex]

Quote from jimmyjazz:
Define a "yen cross", please.

Quote from traderlux:
short answer, fx is traded as pairs, so a yen cross is the yen traded against another currency....

you can do a gargoogle search for more info...

Shorter answer ..... Any currency combo that doesn't include the USD.

 

[Maverick74]

Quote from FXforex:

Shorter answer ..... Any currency combo that doesn't include the USD.

Technically not true. A cross is any currency that does not include the base currency.

 

[FXforex]

Quote from Maverick74:
Technically not true. A cross is any currency that does not include the base currency.

EUR/JPY
GBP/JPY
AUD/JPY

 

[Maverick74]

Quote from FXforex:

EUR/JPY
GBP/JPY
AUD/JPY

Those are only cross rates for Americans. If you live in Japan, the EUR/JPY is NOT a cross rate. LOL.

 

[FXforex]

Quote from Maverick74:

If you live in Japan, the EUR/JPY is NOT a cross rate. LOL.

Yes it is ...... the EUR/JPY doesn't include the USD.

 

[Maverick74]

Quote from FXforex:

Yes it is ...... the EUR/JPY doesn't include the USD.

Let me try this one more time for you. A cross rate is any rate that does not involve your local currency. It is NOT simply a currency that does not involve the dollar. In Japan, the EUR/JPY would not be referred to as a cross date as they have nothing to cross. They are simply exchanging their local yen for euros.

 

[FXforex]

Quote from Maverick74:
Let me try this one more time for you. A cross rate is any rate that does not involve your local currency. It is NOT simply a currency that does not involve the dollar.

I don't agree.

Quote from Maverick74:
In Japan, the EUR/JPY would not be referred to as a cross date as they have nothing to cross. They are simply exchanging their local yen for euros.

There would be three currencies involved. Whatever EUR/JPY rate they agree on will be influenced by the USD.

 

[Maverick74]

Quote from FXforex:

I don't agree.



There would be three currencies involved. Whatever EUR/JPY rate they agree on will be influenced by the USD.

Oy vey. I think you just jumped the shark dude. LOL.