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GBPJPY

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The perfect storm for JPY intervention is fast approaching

BUZZ-COMMENT-The perfect storm for JPY intervention is fast approaching March 28 (Reuters) - If Japan is considering intervening in the foreign exchange markets, Good Friday presents an optimal opportunity to execute this, particularly if pivotal Japanese and U.S. economic data lean towards further USD/JPY appreciation. Major banks have already signalled to the markets through their models that the risk of intervention is at its peak, driven by a significant amount of commentary from Japanese of
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Sterling bows to dollar strength after UK GDP data

Sterling bows to dollar strength after UK GDP data By Amanda Cooper LONDON, March 28 (Reuters) - The pound eased on Thursday after data confirmed the UK economy entered recession in the second half of last year and as the dollar put on a display of broad-based strength as the month and the quarter end. Action in the currency market has been dominated this week by the prospect of the Bank of Japan intervening to buy the yen, which has hit its weakest since 1990 against the dollar.
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Hedging the USD/JPY short gamma volatility surge

RPT-BUZZ-COMMENT-Hedging the USD/JPY short gamma volatility surge Repeats with no changes March 26 (Reuters) - Well touted short topside gamma positioning could fuel USD/JPY demand and volatility if 152.00-153.00 FX option barriers are breached, but there are low cost options that can hedge that risk. Gamma exposure is greater in near term expiry FX options with strikes close to the spot rate.
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Hedging the USD/JPY short gamma volatility surge

BUZZ-COMMENT-Hedging the USD/JPY short gamma volatility surge March 26 (Reuters) - Well touted short topside gamma positioning could fuel USD/JPY demand and volatility if 152.00-153.00 FX option barriers are breached, but there are low cost options that can hedge that risk. Gamma exposure is greater in near term expiry FX options with strikes close to the spot rate.
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JPY intervention threat reaches its highest level

BUZZ-COMMENT-JPY intervention threat reaches its highest level March 25 (Reuters) - The most recent comments from Japan's Vice Minister of Finance for International Affairs Masato Kanda have lifted the threat of actual intervention to the highest level (7) on Credit Agricole's barometer, warning of imminent FX intervention if the JPY continues to weaken.
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