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Sep 09 - 06:55 AM

USD/JPY - Hard To Ignore Effect Of 4-Billion USD/JPY Option Expiries

By Richard Pace  —  Sep 09 - 04:45 AM
  • A huge USD 4-billion USD/JPY option strikes due to expire 10-am NY Thursday

  • They're spread evenly between 105.80-85 and at 106.00

  • Those with strike exposure typically offset by trading cash around them

  • That can often influence/contain price if all else fails to excite market

  • The bigger the strikes, the more hedging, and tighter potential range ahead

  • USD/JPY range 105.79-106.04 so far Wed's after drop from 106.38 Tues



JPY=EBS Click here

JPY option expiries Click here

Source:
Refinitiv IFR Research/Market Commentary

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