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Nov 16 - 08:55 AM

USD/JPY - Stuck In Quite A Narrow Range Near Large Option Strikes

By Martin Miller  —  Nov 16 - 06:35 AM
  • USD/JPY has seen a 151.13-43 range, on Thursday, EBS prices show

  • Option premiums expect USD/JPY to stay contained nL1N3CH0JJ

  • Japanese importer, other demand near 151, exporters offers circa 151.50

  • Large NY cut option expiries circa 150.95-151.05 and 151.20-25 nL1N3CH0IF

  • USD/JPY's 'bear trap' puts the 2022 peak back in play nL1N3CH0KR

  • Note euro likely to climb against the yen in November nL1N3C40NG

Source:
Refinitiv IFR Research/Market Commentary

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