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Currency hedging volumes so far Monday......>

OPTIONS
OPTIONS: Currency hedging volumes so far Monday are slightly below average, with
better activity in USD/CNY and EUR/USD countered by lower volumes in USD/JPY,
AUD/USD and GBP/USD. Short-end implied vols are slightly higher for most DMFX
with the exception of GBP/USD, but moves are muted alongside quiet spot markets
in Europe.
-Some of the larger trades crossing today include a $500mln USD/CNY 1y 6.40/6.95
call spread (a trade duplicated throughout the Asia-Pac session a few times) as
well as a 6m EUR/USD $1.1510 straddle for a total notional of E392mln.

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