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Apr 02 - 05:55 AM

USD/JPY - Mega Option Can Influence USD/JPY If Intervention Realised

By Richard Pace  —  Apr 02 - 03:55 AM
  • Hedging of soon-to-expire FX option strikes can draw/contain FX cash price

  • There's a massive $9.7-billion USD/JPY option strike due to expire Wednesday

  • However, at 147.33, It's well below the current USD/JPY spot price 151.70

  • But strike could certainly factor if official intervention threat realised

  • USD/JPY at 34 year high, above 152 barriers/short gamma raises threat level

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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