QuoteDisliked07:21 FX OPTIONS: 3m USD/JPY Downside Strikes Trades In Size London, September 20. Dealers reporting a big downside strike going through on the 3m date in early London Thursday. Namely a 10 delta JPY call (strike around 106.10) @ 12.3 on USD 600mln . [email protected]
Can anyone tell me what does the above mean?
I appreciate if you could pick out the terms and explain what these meant.
Thanks!