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Dec 20 - 07:55 AM

USD/JPY - Within Strike Of 132.50 After BoJ-Spurred Slide

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

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