Going by the chart, ATM is moving in ABCDE pattern and what looks like it has already touched point E.
From here on ATM should Spike up soon. Currently it is trading at $19.1 which is best position to go LONG.
Potential targets are $21.485 with around 13% profit and $22.626 with 19.5% profits.
Keep your stop loss at the swing low at $18.557
If you like my...
50 Delta ATM Volatilities:
USDJPY -
- $Yen has an ATM implied volatility curve of 55.95%mrkt 24.08%1wk 18.31%2wk 14.12%1m
- Obviously we are aggressively steeper in the front end, with BOJ tomorrow and JPY MOF Fiscal Package details coming next week providing heightened vol for the 1day and 1wk vols - naturally we then see the curve tail off as the event...
