Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Aug 10 - 07:55 AM

USD/JPY - New Post BoJ USD/JPY Peak Too High To Chase In To Long Gamma

By Richard Pace  —  Aug 10 - 05:55 AM
  • USD/JPY broke 3 Aug post BoJ recovery high at 143.89 for 144.13 Thurs

  • Many traders reluctant to chase USD/JPY higher pre CPI, await dips

  • Thurs low is 143.65, bigger support Wed low 143.00, daily cloud top 142.88

  • Further topside may prove hard fought - options long gamma between 145-150

  • Much of that resistance from barrier options- option dead if barrier touched

  • Low implied volatility reflects expectations of low actual volatility ahead

  • Even overnight expiry volatility risk premium is low, despite CPI risk

For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


  • eFXplus
  • End-user license agreement (EULA)


  • About
  • Contact Us


  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved