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TDUX
May 18 - 04:55 AM

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

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