From now on we Elev8
We're more than just a broker. We're an all-in-one trading ecosystem—everything you need to analyse, trade, and grow is in one place. Ready to elevate your trading?
Trading news
9 Nov 2017
USD/JPY retreat from 6-month high, Vols rise
The USD/JPY one-month 25 delta risk reversals fell from the 6-month high of -0.70 to -0.80 yesterday, while the one-month at the money option volatility ticked higher to 7.09 from 6.948.
The drop from -0.70 to -0.80 indicates weakening bias for the bullish bets (call options).
Risk reversals and Vols
- The drop in the risk reversals could be an indication that investors are finally giving up on the hope of a bullish break in the USD/JPY pair above 114.18 levels.
- The vols may have ticked higher, but still remains at 2-1/2 year low.