Jamie’s comment of June 22nd regarding Nomura recommending clients buy 1-year 88/98 dnt to take advantage of the lack of movement in the USD/JPY pairing.
If their advice was taken, then we might expect to see some fairly stern protection of the 88.00 line. Just a thought. We’re presently at 88.82 having been as low as 88.61.
I’m amazed I can remember all that way back. Marvo the bloody Memory Man!!!
