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Interesting bit of talk re USD/JPY

By   || January 20, 2010 at 08:59 GMT
|| 1 comment || Add comment

Apparently 91.25 is the strike level of a decent-sized option structure held by a US name and the bank in question has been selling USD/JPY recently to hold rate under said level. Expiry is January 27th.

USD/JPY has been as low as 90.80 this morning, presently back up at 90.95 as aforementioned buy orders lend some needed support.

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One Response to “Interesting bit of talk re USD/JPY”

  1. ForexLive European Wrap: Risk off, USD & JPY firm | ForexLive on January 20th, 2010 12:11 GMT

    [...] 91.15, EUR/JPY at 128.65 from around 129.45.  JPY beneficiary of increased risk aversion. Talk of strong US named seller up around 91.25 helping cap recent recovery attempts. Share and [...]

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