Free Trial

USD/JPY Grinds Higher in Early US Hours, But Volumes Remain Light

JPY
  • Noting the pullback in JPY over the past 30 mins or so - the move is relative gradual, but has been persistent from 131.80 to session highs of 132.53.
  • Note the volumes across futures markets remain low - even with the latest price action - around 93k contracts have traded so far today - that's less than half the 200k volume noted at this point yesterday - after activity spiked on the BoJ YCC tweak.
  • Today's option expiry pipeline is relatively light ($800mln rolls off between Y132.00-25 today) but picks up tomorrow, with a sizeable strike at Y132.50 ($1.9bln) for the Thursday NY cut.
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.