Banker please return my pipins.
Help needed in OANDA + users from Malaysia 105 replies
DislikedTOKYO (Dow Jones)--Dollar/yen currency options fell in Tokyo on Friday as players began to sell protection against a fall in the greenback because the currency has been stuck in a tight trading range against the yen this week.
Volatilities may decline further if U.S. nonfarm payrolls and ISM data due out later in the day fail to lift stock and currency markets, options dealers said.
"If the dollar doesn't get out of the Y105-Y108 range even after the U.S. data results, more players will sell dollar put-options next week," said an options dealer in Tokyo.
Spot dealers said the dollar may fall below Y105 if the U.S. jobs data come in short of the 75,000 increase forecast by economists polled by Dow Jones.
Once the U.S. data is out, players will turn their focus to the meeting of financial heads' from the Group of Seven nations on Feb. 9. But options dealers said they don't expect any new information from that meeting that would affect the currency market.
Royal Bank of Scotland strategist Masafumi Yamamoto agrees with that assessment. "The yen is still at relatively cheap levels, so even if Japan wants to do something about it, other G7 nations won't comply," Yamamoto said.
Reflecting such sentiment, some players sold one-month at-the-money straddles with $100 million face values at 12.7%. Similar deals may be sold early next week if the dollar remains near today's levels on Monday, dealers said.
-By Takashi Mochizuki, Dow Jones Newswires; 813-5255-2935; [email protected]
(END) Dow Jones Newswires
January 31, 2008 22:11 ET (03:11 GMT)Ignored
DislikedTOKYO (Dow Jones)--Dollar/yen currency options fell in Tokyo on Friday as players began to sell protection against a fall in the greenback because the currency has been stuck in a tight trading range against the yen this week.
Volatilities may decline further if U.S. nonfarm payrolls and ISM data due out later in the day fail to lift stock and currency markets, options dealers said.
"If the dollar doesn't get out of the Y105-Y108 range even after the U.S. data results, more players will sell dollar put-options next week," said an options dealer in Tokyo.
Spot dealers said the dollar may fall below Y105 if the U.S. jobs data come in short of the 75,000 increase forecast by economists polled by Dow Jones.
Once the U.S. data is out, players will turn their focus to the meeting of financial heads' from the Group of Seven nations on Feb. 9. But options dealers said they don't expect any new information from that meeting that would affect the currency market.
Royal Bank of Scotland strategist Masafumi Yamamoto agrees with that assessment. "The yen is still at relatively cheap levels, so even if Japan wants to do something about it, other G7 nations won't comply," Yamamoto said.
Reflecting such sentiment, some players sold one-month at-the-money straddles with $100 million face values at 12.7%. Similar deals may be sold early next week if the dollar remains near today's levels on Monday, dealers said.
-By Takashi Mochizuki, Dow Jones Newswires; 813-5255-2935; [email protected]
(END) Dow Jones Newswires
January 31, 2008 22:11 ET (03:11 GMT)Ignored
DislikedAccording to m30, it's threesome .... becareful ... Tight SL, please :Ignored
DislikedHi Pete,
My BGX crossing but strong support... think will rebounce ??? Have you entry also ???Ignored