TRUDEAU SAYS IT LOOKS LIKE BOC WILL BE LOWERING RATE AGAIN

MNI BRIEF: Canada Commits To Just One Of Three Fiscal Anchors

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

INR, JPY Options in Vogue

OPTIONS
  • Currency options see another session of decent interest Tuesday, as the very front-end of the G10 vol curve remains supported by the incoming US CPI release as well as the beginning of the US quarterly earning season.
  • Vols with a two-week tenor have now captured the Jan 23 BoJ rate decision, helping USD/JPY 2w implied crest above 11 points and touch the highest level of the year and the highest since the Dec BoJ.
  • While options volumes were led by CNY hedging across the Monday session, INR trades are the standout on Tuesday, with downside USD/INR interest comfortably dominating. Trade in vanilla options and NDOs has seen over $3 in puts trade for every $1 in calls, as 83.00, 82.00 and 81.75 strikes see the most formative interest.
  • Upside Interest follows yesterday’s confirmation that Bloomberg have formally proposed to include Indian government bonds in the EM local currency index from June onwards. While the move was anticipated, the change is expected to solidify portfolio flows, aid the Indian government in fiscal discipline and boost infrastructure capabilities, according to DBS.
Homepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.