(IFR) Asian markets mostly quiet. USD/JPY barriers tipped down at 76.25, 76.00 and in 25-50 tick increments down to 75.00. Large stops tipped sub-76.25, 76.00 and 75.00. Topside optionality seen around 79.00, a heavily traded strike recently ($3-4 yards in one-week positions at this strike) and KOs just above at 79.10. USD/JPY stops above 77.50, 78.00, 78.50 and large above 79.10.
They are talking about vanilla in bold right? 3-4 yards is the total value, not the size of the offers. Offers should be there to defend the KO at 79.10.
They are talking about vanilla in bold right? 3-4 yards is the total value, not the size of the offers. Offers should be there to defend the KO at 79.10.