Weaker JPY Prompts Barrier Trades
The weakening yen is causing traders to look at short-term plays with barriers 3-4% above and below USD/JPY spot and 6-7% above and below EUR/JPY spot, according to a Deutsche Bank report.
--Irene Chapple
The weakening yen is causing traders to look at short-term plays with barriers 3-4% above and below USD/JPY spot and 6-7% above and below EUR/JPY spot, according to a Deutsche Bank report.
This morning, flows in the fx options market were slow but one trader noted risk ...Please take a trial or subscribe to access this content.
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