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EURJPY


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FX options wrap - NZ tops UK CPI risk; Cheap; Fund favourites

BUZZ-FX options wrap - NZ tops UK CPI risk; Cheap; Fund favourites Overnight option expiry now includes CPI data that could prove key for impending rate decisions for New Zealand and the UK, with NZD demanding much more additional volatility risk premium than GBP . Implied volatility remains close to long term lows in many currency pairs and expiry dates and reflects the lack of realised volatility - current and expected.
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FX options wrap - billions, value, GBP call, intervention, ZAR

BUZZ-FX options wrap - billions, value, GBP call, intervention, ZAR Trader option data from DTCC shows 12.5 billion euros of EUR/USD FX options , most around 1.0900, expiring on Monday and Tuesday, so no surprise to see a limited EUR/USD spot range around this level. Quite a busy data week which includes a European central bank policy announcement could increase volatility and add value to shorter-dated expiry EUR/USD options , where 1-week expiry implied volatility is currently trading lows sin
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Value in EUR/USD options without the currency risk

BUZZ-COMMENT-Value in EUR/USD options without the currency risk July 15 (Reuters) - FX options can be utilized to trade FX volatility without direct exposure to currency risk. With the current low pricing of EUR/USD options, there might be an opportunity to find value during this busy data week, which also includes the European Central Bank policy announcement .
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FX options wrap - JPY success, big EUR, low FX volatility

BUZZ-FX options wrap - JPY success, big EUR, low FX volatility FX option implied volatility is at, or edging toward, long-term lows in the major currency pairs, reflecting broader risk appetite and a continued lack of FX volatility . Benchmark one-month expiry implied volatility trades three-year at 4.9 , while one-month GBP/USD is trading just above its post-Brexit lows of 5.5. Other currency pairs and maturity dates are following suit as markets head in to the traditional summer lull.
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Yen keeps markets on edge, data points to BOJ intervention

FOREX-Yen keeps markets on edge, data points to BOJ intervention Updates prices at 1145 GMT By Amanda Cooper LONDON, July 12 (Reuters) - The yen steadied on Friday, a day after the Bank of Japan likely intervened to prop up the currency, on the coat-tails of an unexpected drop in U.S. consumer prices that fuelled the largest drop in the dollar since May.
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Here's why HSBC is closing its short EUR/USD trade

BUZZ-COMMENT-Here's why HSBC is closing its short EUR/USD trade July 12 (Reuters) - On May 16 2024, HSBC opened a trade idea to sell EUR/USD at 1.0880 and target 1.0550 with a stop at 1.1050. They have since chosen to exit that trade close to entry and here's why. In a note to clients, HSBC FX research strategy analysts acknowledged that they are basically back to square one nearly two months after entering this trade, which says a lot.
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JPY volatility successfully quashed, options show

BUZZ-COMMENT-JPY volatility successfully quashed, options show July 12 (Reuters) - The price action in FX options since Thursday's U.S. CPI data reinforces expectations of official intervention, but also reflects its success in quashing related volatility and JPY weakness, at least for now. The FX volatility upon which FX options thrive is an unknown, but key part, of their premium, so dealers use implied volatility as a stand-in.
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Yen keeps markets on edge, data points to BOJ intervention

FOREX-Yen keeps markets on edge, data points to BOJ intervention Updates throughout; refreshes prices at 0935 GMT By Amanda Cooper LONDON, July 12 (Reuters) - The yen steadied on Friday, a day after the Bank of Japan likely intervened to prop up the currency, on the coat-tails of an unexpected drop in U.S. consumer prices that fuelled the largest drop in the dollar since May.
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Stand-out FX option expiries for the week ahead

BUZZ-COMMENT-Stand-out FX option expiries for the week ahead July 12 (Reuters) - The cash hedging of soon-to-expire FX option strikes can have a magnetic effect on FX price action and add to nearby support/resistance. There are some huge strikes worth noting for Friday, July 12 , and for the week ahead. Stand-out EUR/USD strike expiries are on Monday at 1.0800 on 2.1 billion euros, between 1.0815-30 on 3.5 billion euros, 1.0850 on 1.1 billion euros, 1.0895-1.0900 on 4.6 billion euros and between
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Stocks shift focus to earnings, FX markets on Japan intervention watch

GLOBAL MARKETS-Stocks shift focus to earnings, FX markets on Japan intervention watch Graphic: World FX rates http://tmsnrt.rs/2egbfVh Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn By Dhara Ranasinghe and Rae Wee LONDON, July 12 (Reuters) - Upbeat earnings and U.S. rate cut hopes helped boost the mood in equity markets on Friday, although skittishness prevailed in forex markets a day after Tokyo was believed to have stepped in to prop up a weak yen.
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Morning bid: Tokyo's art of intervention

LIVE MARKETS-Morning bid: Tokyo's art of intervention Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com MORNING BID: TOKYO'S ART OF INTERVENTION Traders in Europe will be waking up to a nervy currency market on Friday - no doubt caused by the yen, as volatile moves in the Japanese currency across the board puzzled investors.
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Yen keeps markets on edge as intervention risks swirl

REFILE-FOREX-Yen keeps markets on edge as intervention risks swirl Adds name in paragraph 17 By Ankur Banerjee SINGAPORE, July 12 (Reuters) - The yen eased on Friday as investors remained nervous after a sharp surge in the previous session following data that showed U.S. consumer prices unexpectedly dropped , with speculation swirling that Tokyo had intervened in the currency market.
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Yen choppy on intervention jitters; Asia shares eye weekly gain

GLOBAL MARKETS-Yen choppy on intervention jitters; Asia shares eye weekly gain Updates prices at 0515 GMT By Rae Wee SINGAPORE, July 12 (Reuters) - The yen swung between losses and gains on Friday in volatile trade, reflecting investors' skittishness after Tokyo was thought to have intervened to prop up the Japanese currency in the wake of a cooler-than-expected U.S.
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Tokyo's art of intervention

MORNING BID EUROPE-Tokyo's art of intervention A look at the day ahead in European and global markets from Rae Wee Traders in Europe will be waking up to a nervy currency market on Friday - no doubt caused by the yen, as volatile moves in the Japanese currency across the board puzzled investors. The yen swung between gains and losses during the early Asian session, sometimes in a matter of minutes, though it's hard to say if Tokyo was pulling the strings on this one.
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Yen choppy on intervention nerves; Asia shares eye weekly gain

GLOBAL MARKETS-Yen choppy on intervention nerves; Asia shares eye weekly gain Updates prices at 0330 GMT By Rae Wee SINGAPORE, July 12 (Reuters) - The yen swung between losses and gains on Friday in volatile trade, reflecting investors' skittishness after Tokyo was thought to have intervened to prop up the Japanese currency in the wake of a cooler-than-expected U.S.
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Volatile yen keeps markets on edge as intervention risks swirl

FOREX-Volatile yen keeps markets on edge as intervention risks swirl Updates 0352 GMT By Ankur Banerjee SINGAPORE, July 12 (Reuters) - The yen was soft after a volatile start on Friday as traders weighed its sharp surge after U.S. consumer prices unexpectedly dropped , stoking speculation that Tokyo had intervened to lift the currency away from 38-year lows.
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Yen choppy amid intervention nerves; Asia shares eye weekly gain

GLOBAL MARKETS-Yen choppy amid intervention nerves; Asia shares eye weekly gain By Rae Wee SINGAPORE, July 12 (Reuters) - The yen swung between losses and gains on Friday in volatile trade, reflecting investors' skittishness after Tokyo was thought to have intervened to prop up the Japanese currency in the wake of a cooler-than-expected U.S. inflation report.
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No doubt in most minds MOF ordered FX intervention

BUZZ-No doubt in most minds MOF ordered FX intervention No doubt in most Tokyo player minds MOF ordered the BOJ FX intervention The first wave seen taking place after the weak US CPI report Timing almost perfect with lower US rates adding to JPY move up? Spike in EBS volumes to $40 bln or so post-CPI, talk 5 times average USD/JPY 161.62 to 158.30 EBS after the US CPI report Another wave seen early Tokyo with USD/JPY off from 159.45 to 157.75 From USD/JPY's retracement high, some bounce since but
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Volatile yen keeps currency market on edge

FOREX-Volatile yen keeps currency market on edge By Ankur Banerjee SINGAPORE, July 12 (Reuters) - The yen was volatile on Friday after a sharp surge in the previous session in the wake of U.S. consumer prices unexpectedly dropping in June, stoking speculation that Tokyo had intervened to lift the currency away from 38-year lows. The Japanese currency JPY=EBS swung between gains and losses and was last at 158.90 per dollar in Asian hours, having spiked nearly 3% to as high as 157.40 immediately a
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Japan steps up yen warnings, data suggest intervention

UPDATE 7-Japan steps up yen warnings, data suggest intervention Japan will take action as needed in FX market, says Kanda Chief cabinet secretary says ready to take all means vs yen Finance minister mum on whether Japan made rate checks BOJ data suggest Japan may have spent $22.4 bln to prop up yen Adds BOJ data in 2nd paragraph, analyst quote in 19-20th paragraphs By Makiko Yamazaki and Leika Kihara TOKYO, July 12 (Reuters) - Japan's top currency diplomat said on Friday authorities would take a
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