Free Trial

Option Interest Could Define Range at Y130 - Y131 Into Month-End

JPY
  • USD/JPY through the overnight lows on the back of this USD fade - further weakness through 129.64 would mark a resumption of the March downleg and put prices at the lowest levels since early February. 129.12 undercuts as more notable support - the Feb 2 High.
  • Little option interest at the Tuesday 10am cut, however interest builds later in the week to month-end: just over $4.5bln rolls off between Y130.00 - 131.00 across the Thursday/Friday cuts, which could help define the range into the end of the week.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@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.