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Sep 16 - 05:55 AM

USD/JPY - Large USD/JPY Expiry Cluster Could Delay Near-Term Drop

By Martin Miller  —  Sep 16 - 03:56 AM
  • USD/JPY chart is becoming increasingly negative nL1N2QI0H6

  • It could be prudent to insure USD/JPY's downside through a put nL1N2QH0K0

  • Stops likely below 109.00 mixed in with bids from Japanese players

  • USD/JPY has seen a 109.21-109.46 range on Thursday, according to EBS prices

  • Large cluster of 109.70-80 NY cut option expiries worth 1.1B could attract

  • EUR/JPY's correlation with USD/JPY high, 60-day log is at +0.63

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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