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USDJPY Narrows Gap With Sizeable Y105 Option Strike

JPY

USD buying picking up further in recent trade with USDJPY inching to new session highs of 104.76 and narrowing the gap with the 50-dma at 104.95. There's sizeable option interest in USDJPY for today's NY cut at Y105.00 - $1.5bln due to roll off at that strike.

USD buying also evident vs CNH, GBP and CAD, which all hit session lows vs, the greenback.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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