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Snippets from the MNI FX Options Monitor,.....>

FOREX
FOREX: Snippets from the MNI FX Options Monitor, released Friday:
- USD/JPY hedging activity picked up this week after global equity markets
gyrated, with volumes running higher (particularly at the beginning of the week.
Volatility bets in USD/JPY were particularly popular, with some of the larger
trades crossing consistent with a $500mln 106.75/111.25 1m USD/JPY strangle as
well as a $500mln Y100/111 strangle rolling off at the end of December, for
which the buyer paid a near $4mln premium.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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