Yen Options Down, Deals Sold After EU Summit
From efxnews.com
Yen options declined Monday in Asia as many investors sold hedging contracts against sharp moves in the currency after last week's much-anticipated meeting of European leaders produced no major surprises. "All I can see in the market today is selling interest," said a senior options dealer at a major bank in Tokyo. Since the meeting last week ended with no surprises from euro zone members, many investors sold short-term contracts they bought last week, he said. These deals include a three-month dollar-call contract with an Y80 strike price, $100 million face value and volatility of 9.75%; one-month ...
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