Derived Data That Drive Results
By Richard Pace — Oct 09 - 05:35 AM
Talk of more USD/JPY offers added above 150.00 over recent sessions
Hoping last weeks drop from 150.16 now dampens demand above 150.00
Option traders placing barriers/triggers at 152.00, some at 151.00
They will benefit holders if levels not touched through various expiry dates
Spot traders would buy USD/JPY post FX intervention, but not a policy change
Option markets not complacent about intervention - bought downside strikes
Watch for any option implied volatility setbacks - already off recent highs
That would suggest a perception that realised volatility will be contained
For more click on FXBUZ
JPY=EBS Click here
Source:
Refinitiv IFR Research/Market Commentary
