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USD/JPY Vols Up On Position Adjustments,Weak USD
0255 GMT [Dow Jones] 1-month ATM USD/JPY implied volatilities up at 11.20%/11.90% vs 10.85%/11.55% in NY Friday, as players bought options to adjust positions at start of week, while demand for USD downside hedges grows amid USD weakness. Options traders at major Tokyo banks say implied volatilities may decline toward 11.00% into weekend as markets may become subdued ahead of Japan's 3-day holiday (starting Saturday), denting demand for hedges. But trader says "there's a sense of caution" that the dollar may fall sharply on views that upcoming US data could show surprisingly weak figures. Focus now on retail sales due 1330 GMT, tomorrow's PPI, industrial production, Wednesday's CPI. (MIN)
May The Force Be With You.
Eddie's Free Forex Class
May The Force Be With You.
Eddie's Free Forex Class