By Martin Miller — Jul 30 - 06:35 AM
Corrected "above" to "about" in title
Dollar, yen braces for looming BOJ, Fed meetings nL1N3JM02K
USD/JPY daily technical chart is quite bearish nL1N3JM0BT
USD/JPY has risen from 153.62 to 155.22, on Tuesday, EBS data shows
Massive option strikes set to expire at the NY cut nL1N3JM07A
Therefore, option related hedging flows could limit spot ahead of expiry
Note EUR/JPY continues to move in tandem with USD/JPY, correlation is high
Source:
Refinitiv IFR Research/Market Commentary