• 1-week USD/JPY FX options expire after Dec Fed to boost implied volatility

• Already up 3.0 to 16.0 after Tues U.S. CPI capture it's now around 18.0

• Premium/break-even for vanilla straddle is 272-JPY pips in either direction

• Highest premium since mid October and warns of increased volatility risk

• EUR/JPY 1-week gets ECB, but only up 1.0 to 12.0 - 190-JPY pips either side

  
  

  
  

For more click on FXBUZ