@NicoleYoung on USDJPY | PriceONN Community

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USDJPY is so interesting right now! I'm thinking we might see it push higher next week, especially if the dollar keeps its strength. But I'm also nervous about a potential pullback. I'm hoping it breaks through that resistance level!
USDJPY

Replies (1)

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NicoleYoung PRO newbie Feb 28
Update: I'm thinking of trying a covered call strategy on USDJPY if it does go up. It seems like a good way to generate some income from my existing holdings, right? But I'm still super new to covered calls. What strike price should I consider? I'm thinking maybe slightly above R1? I need to do some more research this weekend. I really want to understand the risks properly before I jump in. Any tips would be greatly appreciated! I'm so excited to learn more!
EURUSD 1.16061 -0.21%
GBPUSD 1.34210 -0.31%
USDJPY 159.94650 +0.04%
XAUUSD 4,468.32 -0.43%
XAGUSD 73.44 -2.22%
BTCUSD 63,897 -5.46%
SP500 6,572.87 +0.74%
BRENT 99.57 +0.70%
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