Odd numbers are odd.
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USDJPY pops 116.00 only to run into more sellers
The reported barrier option at 116.00 is now history 12 Dec Sustained USD demand and yen weakness on firmer oil prices has seen a steady ascent this morning to 116.12 taking out a reported barrier option at 116.00. Fresh exporter supply above there though has seen a retreat to 115.83. I've take another short around the barrier level as is my customary jobbing play which also worked on Friday at 115.22 with that dip back below 114.70. I think the pair is fundamentally underpinned on Fed expectations and firmer oil but there's still a big part of my gut feeling that says it's all overdone and the FOMC may yet ... (full story)
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- Dec 12, 2016 4:20am Dec 12, 2016 4:20am
- rapidace
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- Ghassforex
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