By Richard Pace — Oct 14 - 05:55 AM
USD/JPY sellers said to be leaning on well touted 150.00 FX option barriers
These offers adding to expected defence, but also to stops above 150.00
USD/JPY gains certainly struggling above 149.50, but options are wary
There's been demand for USD calls/JPY puts with strikes 150.00-151.00
They would benefit if 150.00 breaks and FX volatility/gains increase
Option implied volatility setbacks stall - Benchmark 1-month at 12.0
1-month gets U.S. election and looks cheap versus historic value measures
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary