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Apr 15 - 05:55 AM

USD/JPY - Two-Key Option Levels Can Influence USD/JPY This Week

By Richard Pace  —  Apr 15 - 03:50 AM
  • USD/JPY gains to new 3 year highs above 152.00 failed to ignite intervention

  • USD/JPY since testing 154.00 and brings a key level in to view

  • 155.00 said to hold very big exotic options barriers, more short gamma above

  • Talk among bigger banks that 155.00 is the true BoJ line in the sand

  • Option pricing poised for intervention, big vol premium for downside strikes

  • Another level to watch is 153.00 - a $6-billion option expiry here Thursday

  • If USD/JPY edges lower, related hedging can attract/contain spot to 153.00

For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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