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Mar 04 - 05:55 AM

USD/JPY - Option Flows Show Where It's Going

By Richard Pace  —  Mar 04 - 04:02 AM
  • Option dealers will cover areas where they are short inventory if threatened

  • Related flows can therefore show any growing concerns/need to cover

  • Many FX traders were expecting retail offers/barriers at 107.00 to hold

  • But on Monday, options were covering for gains above 107.00 nL2N2KZ116

  • There's more interest to buy strikes above alleged large 108.00 barriers now

  • Likely short gamma above 108.00, could see increased volatility if broken

  • Big expiries below nL2N2KZ116. Powell and NFP risk premium nL2N2L20HD

For more click on FXBUZ


JPY=EBS Click here

Source:
Refinitiv IFR Research/Market Commentary

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