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USD/JPY eases after data; large option expiry this morning

By   || August 25, 2010 at 12:37 GMT
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Traders report a very large 84.50 options expiry this morning at 14:00 GMT. Until the poor US data, hedging ahead of the expiry had helped USD/JPY carve out an 84.40/60 range. If price action steadies after the poor US data, we may see some options-related demand for USD/JPY over the next 90 minutes with downside potential after the expiry…

USD/JPY trades now at 84.30.

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