By Rob Howard — Dec 20 - 05:40 AM
USD/JPY gravitates to 132.50 after eliciting support at 132 circa 0930 GMT
There is a big 132.50 option expiry later this week (Thursday), $1bln strike
132.00 was four-month EBS low after yen soared on BoJ's hawkish surprise
BoJ unexpectedly widened the trading band for its 10-year JGB to 50 bps
See: nL1N33A01A. USD/JPY was above 137 into the BoJ's YCC announcement
USD/JPY bears on the prowl for 125, if not 120nL1N33A0JFnL1N3390IK
Source:
Refinitiv IFR Research/Market Commentary