By Richard Pace — Jul 04 - 07:35 AM
• Dealers note some unwinding of JPY call/USD put vanilla FX options
• Suggests traders are frustrated with the lack of downside USD/JPY progress
• Thursday's better than expected U.S. jobs report being the apparent catalyst
• Option implied volatility drops hard - benchmark 1-month from 10.9 to 10.1
• Reflects the lack of FX realised volatility/expectations within recent range
• Stand-out FX option strike expiries for the week ahead
USD/JPY FXO implied volatility
(Richard Pace is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters
