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Implied volatility generally ebbing.........>

OPTIONS
OPTIONS: Implied volatility generally ebbing higher on Monday with traders
looking ahead to UK CPI, jobs market data and testimony from Fed's Powell later
this week. Nonetheless, options volumes are lower than average so far (no
surprise with Japan's market holiday overnight) leaving little notable trade
action in the major pairs. Despite this, AUD/JPY options volumes have surged
higher, with close to $2bln traded vs. daily average of circa $600mln. AUD/JPY
puts in particular have been in firm demand, with expiries sequenced from
September until the end of the year. Just over A$2bln in AUD/JPY puts have
traded vs. A$462mln in AUD/JPY calls so far.

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