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Sep 02 - 06:55 AM

USD/JPY - Cannot Escape The Grasp Of A Huge Option Expiry

By Martin Miller  —  Sep 02 - 04:43 AM
  • U.S. jobs miss dents dollar as FX traders wait on U.S. NFPs nL1N2Q409E

  • USD/JPY has left multiple bull traps above the wafer-thin daily cloud

  • The daily Ichimoku cloud currently spans the narrow 110.10-11 region

  • USD/JPY has seen a 109.92-110.12 range on Thursday according to EBS prices

  • Anchored to huge 110.00 option strike worth 1.5B set to expire on Friday

  • EUR/JPY's correlation with USD/JPY high, 30/60-day logs are both above +0.50

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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