traders note talk o f some lottery tickets being bought today for short-money. Apparently someone is shopping around an 80.00 European digital option that expires mid-week at the Tokyo cut. Above 80.00, you’re in the money. Below, sorry Charlie.There are plenty of barrier options struck at the level as well, so expect good selling interest on the approach in the days ahead.
Looks like Japan will do everything in its power to keep USD/JPY pretty well underpinned until the end of the fiscal year on Wednesday of next week.
