Free Trial

Barclays like being long USDJPY volatility......>

YEN
YEN: Barclays like being long USDJPY volatility through strangles. They point to
"a loaded geopolitical calendar biasing us towards long volatility exposure.
This weekend's G7 leaders meeting, which has trade and potential North Korea
implications, Tuesday's Trump-Kim meeting and the G3 central banks' meetings all
have the potential to move markets, in our view. We recommend owning short-dated
USDJPY volatility and recommend buying a one-week (expiry: 15 June 2018)
25-delta USDJPY strangle (spot ref: 109.82, strikes: 110.61, 108.86) for a
premium of 38bp (vega: 0.094%)."
- Back on Friday Barclays recommended selling EURJPY spot at 128.60 with a
target of 124.62 and a stop-loss at 130.87.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.