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May 18 - 04:55 AM
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USD/JPY - Sees Brief Sojourn To 159.08 Before Pulling Back
By Haruya Ida — May 18 - 02:38 AM
• Thin, late Tokyo trading saw USD/JPY pop to 159.09 EBS before pulling back
• Market obviously wary of renewed Japanese FX intervention
• Two-way option gamma trades related to $5.7 bln 159.00 expiries today too
• Japan's MOF likely closely watching FX but hands tied on strong USD?
• Related comments , , also ,
USD/JPY hourly:
(Haruya Ida is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters