News Headline Summary

Pop higher in USD/JPY to 87.68 attributed to talk of a large USD/JPY option flow

Update details:

A 31 January expiry 91.00 JPY put has just been sold on USD 1.1bln at 11.15.

Sources suggest the same US name also bought 1 month ATM vol at 9.8 on Monday for USD 1bln.

Print 08:25, 09 Jan 2013 - FX Flows - Source: RANsquawk/IFR