Derived Data That Drive Results
First appeared on eFXplus on Nov 20 - 03:50 AM
DTCC charts show a massive USD 5-billion USD/JPY expiries in 108.20-50 zone
The bulk of these mature at 10-am New York cut on Thursday
Those with exposure to the strikes typically "delta hedge" via cash market
Hedging activity often draws/keeps cash close to the strikes as expiry looms
USD/JPY options reflect downside fears in spot nL2N27Z05V
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USDJPY option expiries: Click here
Source:
Refinitiv IFR Research/Market Commentary
