USDJPY orders 7 March - In retreat again but option demand noted

Author: Mike Paterson | Category: Forex Orders

Currently 105.74 near session lows

I noted yesterday that normal service had resumed after the NK-led risk-on spike.

Large options in play at 105.50 (providing support again) and 107.00 still (expected to provide supply should we get anywhere near. . Barrier options at 105.00 will lend some support should/when we get back down there.

I still prefer the USDJPY rally-sell/yen-long side.

Offers:  105.85 106.00 106.20 106.35 106.50

Bids:    105.50 105.20 105.00 104.85 104.50