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Healthy volumes going through currency......>

OPTIONS
OPTIONS: Healthy volumes going through currency hedging markets so far today,
according to DTCC data. USD/JPY, EUR/USD and USD/CAD are the most traded pairs
so far today, driven by the break of recent ranges against the USD for both the
JPY and CAD today. USD/JPY hedging trades are well over double the average
notional you'd see at this point of a regular session, with markets looking to
lock in the YTD highs printed this morning. Persistently low levels of implied
volatility for USD/JPY also prompting traders to opt for very cheap USD/JPY
hedging trades ahead of expected volatility courtesy of non-farm payrolls,
Brexit woes in the UK as well as the US mid-terms in November.
-USD/CAD options in firm demand, with the put/call ratio of 1.25 mirroring the
move in spot markets so far today. 1.28 and 1.2850 strikes both very popular so
far today.

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