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Aug 24 - 06:55 AM

USD/JPY - Contained By Multiple Billion Dollar Options

By Peter Stoneham  —  Aug 24 - 04:38 AM
  • A rough 109.00-110.00 range playing out recently with options both sides

  • Today's NY cut: 109.00-10 $1.0bln, 109.45-65 $1.7bln, 109.90-00 $1.2bln

  • Tokyo demand noted at 109.65 and exporter offers touted 110.00-10 area

  • Long upper candle shadows on daily chart highlights supply nL1N2PV0E0

  • Market focus on Jackson hole: Delta and geopolitical strains simmering

  • Dollar supported by haven flow and taper spec: yen drawing safety flow too

  • USD/JPY set to play out tight Tuesday: 109.60-65 to 110.00 the range

    For more click on FXBUZ







USD/JPY daily Ichimoku chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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