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Dec 07 - 07:55 AM

USD/JPY - Probability Of USD/JPY Break-Out - According To FX Options

By Richard Pace  —  Dec 07 - 05:50 AM
  • Measures of USD/JPY volatility and break-out risk remain low in FX options

  • Shorter dated expiry implied volatility heavy/subdued of late

  • 1-month low end of 5.0/8.6 crisis range since March and well below G10 peers

  • USD/JPY trades 103.95-104.31 range so far Monday

  • Big support by multiple daily lows in mid 103's, before 6 Nov 103.18 low

  • Resistance 21-dma 104.43, 3-2 Dec hi 104.53-75, 55-dma 104.84

  • Daily Ichimoku cloud base falls to mid 104's Fri to add resistance


JPY=EBS Click here

Source:
Refinitiv IFR Research/Market Commentary

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