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Jan 27 - 05:55 AM

USD/JPY - Options Target New BoJ Gov And YCC Changes

By Richard Pace  —  Jan 27 - 04:00 AM
  • FX option traders appear to be targeting appointment of new BoJ Gov

  • Appointment expected to be Feb. 10, but could be earlier

  • There's been keen interest to own options just after this date

  • Shows expectations of related volatility to which options would benefit

  • Option price action has been targeting lower USD/JPY levels over time

  • March BoJ meeting initial catalyst, but more focus on April with new BoJ Gov

  • Heightened expectations YCC adjustment/scrapping is coming - JPY positive

  • JPY call RKO is cheap option strategy to benefit from eventual USD/JPY drop

For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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