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USD/JPY hedging volumes surging at the NY...>

OPTIONS: USD/JPY hedging volumes surging at the NY crossover, with a number of
particularly large USD/JPY options trades going through just ahead of the US
retail sales release at 1330BST. Largest notional USD/JPY trades today eye
particularly expiry dates well into the future, with over $1bln in options
traded expiring in 2020 and 2021 and call strikes as high as Y129.00.
Outside of those trades, Y112.00 calls are in demand, along with Y113.00 and
Y113.50. Puts expiring at Y111.00 expiring end-Oct/early-Nov also traded well
throughout the Asia-Pacific session and the European morning.
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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