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Slightly quieter day for currency hedging...>

OPTIONS
OPTIONS: Slightly quieter day for currency hedging markets with volumes edging
slightly below average for this time of day. Nonetheless, higher volumes are
being seen in USD/JPY and GBP/USD, with USD/JPY 113.00 put strikes in demand as
well as strikes as low as Y109.85 and Y111.00. Elsewhere, GBP/USD hedging
volumes have surged above expectations amid further Brexit uncertainty - the
put/call ratio is broadly balanced although there's been a lot of interest in
GBP/USD 1.2650 call strikes Tuesday. The risk reversals curve has remained
relatively stable this week, although the curve in its entirety remains skewed
in favour of puts. 

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