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.

  • 16 Feb 2009

--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 ...

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