Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 29 - 07:55 AM

USD/JPY - Carry Helps USD/JPY Back To Pre Intervention Levels

By Richard Pace  —  May 29 - 05:45 AM
  • USD/JPY 156.92-157.41 range Wed - new post intervention high

  • FX since drawn back toward another huge 157.00 FX option strike expiry

  • Prior alleged intervention levels were 160.24/157.58 on Apr 29 and May 1

  • FX option pricing doesn't yet seem concerned about more FX intervention

  • Carry trades maintain pressure on JPY and attract USD/JPY dip buyers

  • Bids below 157, some option related hedges. Support Tues 156.58 setback low

  • JPY underperformance lifts GBP/JPY to new highs since 2008 above 200.00

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!