I started the day (or ending the month) looking forward in time as new options are available for end of June now and I am really interested in that expiration date because of the June Fed meeting.
Therefore, I looked at the bigger picture, namely charts from the daily time frame and I traded put options for USDJPY and usdcad as well as call options for the eurusd.
Moreover, I traded a put option for EURJPY with end of June as well as if the eurusd is moving higher, the speed of the move lower in the USDJPY should drag all the jpy pairs lower as well.
There is no other important economic event than the June meeting and it is vital to be positioned on the right side of the market. As mentioned at the beginning of this article, end of June expiration date should be more than enough for the options to expire in the money.