News Headline Summary
Heading into the NY cut at 1500GMT (10am ET) broad based JPY weakness is being observed, as option related/repositioning flows linked to large 90.00 and 91.50 expiries depress shorted dated implied vols...
Analysis details (09:38)
Large USD/JPY option expiries between 90.00 and 91.50 which expire today contained the price action this morning. However, once cleared and hedge positions unwound will likely enable the pair to make another move higher. Barriers at 91.50-92.00 are also set to add to volatility as option decay takes its toll.
31 Jan 2013 - 09:38
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