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Another day of strong hedging volumes in....>

OPTIONS
OPTIONS: Another day of strong hedging volumes in currencies, led by USD/JPY,
with over $11bln of contracts changing hands so far today - well ahead of the
~$5.5bln average you'd expect to see at this point of a regular session. One of
the larger options traders of the session so far includes what appears to be a
bullish USD/JPY put calendar spread, buying 3m Y97.00 strikes and selling 12m
Y93.00 strikes for a total notional of well over $500mln. 

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