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Tin tức

UK election risk to GBP, according to FX options

BUZZ-COMMENT-UK election risk to GBP, according to FX options July 4 (Reuters) - Implied volatility gauges FX realised volatility expectations and is a key component of an FX option premium. Overnight expiry GBP related implied volatility now includes the UK election and is therefore a bellwether for related FX volatility risk. Overnight GBP/USD implied volatility has averaged 7.5 over recent sessions - a premium/break-even of 40 USD pips in either direction for a simple vanilla straddle.
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Yen intervention threat keeps GS on sidelines

LIVE MARKETS-Yen intervention threat keeps GS on sidelines CAC40 up 1.4%, STOXX 600 up 0.3% French election result in focus US futures steady Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com YEN INTERVENTION THREAT KEEPS GS ON SIDELINES The yen, trading at a 38-year low against the dollar, has decoupled from rate differentials, Goldman Sachs noted, but even as conditions may be in
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Are FX option trade flows predicting USD/JPY outlook?

BUZZ-COMMENT-Are FX option trade flows predicting USD/JPY outlook? June 26 (Reuters) - Given their forward-looking nature, price action in FX options can often be a bellwether for broader FX market sentiment and expectations and USD/JPY options have seen a particular theme emerging of late. There's been increased demand for longer-dated expiry options, particularly 9-month through 1-year, with downside strikes between 145.00 and 135.00. While there are many reasons for certain trading patterns t
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Dollar reined in by threat of Japanese intervention, yen fragile

FOREX-Dollar reined in by threat of Japanese intervention, yen fragile Updates prices at 1105 GMT By Amanda Cooper LONDON, June 25 (Reuters) - The dollar backed off the key 160 yen level on Tuesday, as fears of intervention from Japanese officials deterred traders from punishing the yen too severely against any other currencies. Elsewhere, bitcoin BTC= recovered some lost ground after its worst day in more than two months at the start of the week, in part due to flows out of bitcoin exchange-tra
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FX options reveal the true risk of more JPY intervention

BUZZ-COMMENT-FX options reveal the true risk of more JPY intervention June 25 (Reuters) - USD/JPY is threatening to retest the 160.24 peak which initiated the first of two bouts of official intervention on April 29 and May 1, but price action in forward-looking JPY-related FX options is different this time. When USD/JPY eventually broke above the prior intervention peak from October 2022 at 151.94 on April 10, 2024, there was a big reaction in FX option markets.
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Sterling edges up against dollar, yen

Sterling edges up against dollar, yen LONDON, June 25 (Reuters) - The pound was one of the better performing major currencies on Tuesday, as a sell-off in the stock market and jitters around politics on both sides of the Atlantic drove more investors towards the comparative safety of the U.S. dollar. Sterling GBP=D3 was last up 0.1% at $1.27, compared with declines in the value of the euro and yen.
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Dollar tempered by threat of Japan intervention, yen fragile

FOREX-Dollar tempered by threat of Japan intervention, yen fragile Updates throughout, adds comment, refreshes prices at 0730 GMT By Amanda Cooper LONDON, June 25 (Reuters) - The dollar attempted to break above the key 160 yen level on Tuesday but with little success as fears of intervention from Japanese officials deterred traders from punishing the yen too severely against other currencies.
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Whatever BOE delivers, worth betting cable near top

BUZZ-COMMENT-Whatever BOE delivers, worth betting cable near top June 19 (Reuters) - Whatever message the Bank of England delivers on Thursday it's worth betting cable is near the top. Now that inflation has finally returned to target traders betting on a rise will likely be encouraged to sell by a view toward cutting interest rates in the future.
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FX options double the risk premium for GBP/USD downside

BUZZ-COMMENT-FX options double the risk premium for GBP/USD downside June 18 (Reuters) - Risk reversals are an FX option strategy to capture FX volatility in a particular direction and those in GBP/USD have seen their downside over upside strike premiums double over recent sessions. Volatility is an unknown yet key parameter of an FX option premium so dealers use implied volatility as a substitute.
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Tokyo players shun EUR and GBP pre-elections, after?

BUZZ-COMMENT-Tokyo players shun EUR and GBP pre-elections, after? June 18 (Reuters) - Tokyo players are likely to shun EUR and GBP until French and British elections in July . Depending on the outcomes, EUR/JPY and GBP/JPY could remain out of favour even beyond next month. EUR/JPY fell to a 167.54 EBS low on June 14 following right-wing party gains in European Union elections and French President Emmanuel Macron's call for snap legislative elections .
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Here's the BoJ risk to according to FX options

BUZZ-COMMENT-Here's the BoJ risk to JPY - according to FX options June 13 (Reuters) - The FX volatility upon which FX options thrive is gauged with implied volatility when setting the premium, making implied volatility a risk bellwether for impending events. Overnight/next day expiry is the shortest duration option and any changes to its implied volatility and subsequent premiums therefore offer a insight to the perceived FX volatility risk attached to major events covered by its expiry, such as
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Don't bet on a big GBP reaction to the UK election

BUZZ-COMMENT-Don't bet on a big GBP reaction to the UK election June 6 (Reuters) - FX options are forward looking and thrive on FX volatility, but their current pricing suggests that traders aren't expecting the July 4 UK election to create too much in the way of additional GBP volatility. Volatility is an unknown yet key parameter of an FX option premium, so dealers use implied volatility as a stand-in.
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There's potential value in USD/JPY FX options

BUZZ-COMMENT-There's potential value in USD/JPY FX options June 6 (Reuters) - FX volatility traders looking for potential value might consider USD/JPY options, where FX realised volatility has increased. FX volatility is an unknown but key parameter of an FX option premium so dealers use implied volatility as a substitute. That creates an opportunity to trade any disparity between implied and realised volatility.
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US recap: Big JOLTS drop dulls dollar's haven bid

BUZZ-COMMENT-US recap: Big JOLTS drop dulls dollar's haven bid USD/JPY-JOLTS drop adds to derisking dive before upcoming essential US data AUD/USD-Bulls put up a fight after JOLTS report June 4 (Reuters) - The dollar rose on Tuesday, along with the yen, on risk aversion but the U.S. currency retreated from its highs after a plunge in JOLTS job openings added to a string of weakening U.S.
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Yen hits 4-week low, dollar up ahead of key inflation data

FOREX-Yen hits 4-week low, dollar up ahead of key inflation data Updates at 1910 GMT By Hannah Lang NEW YORK, May 29 (Reuters) - The dollar rose on Wednesday, boosted by higher U.S. b ond yields ahead of key inflation data later in the week , and strengthened against the Japanese yen. The dollar reached as high as 157.715 yen JPY=EBS on Wednesday, edging closer to levels that led to bouts of likely intervention from Tokyo at the end of April and early May.
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Yen hits 4-week low, dollar steady ahead of key inflation data

FOREX-Yen hits 4-week low, dollar steady ahead of key inflation data Updates at 1325 GMT By Hannah Lang and Alun John NEW YORK/LONDON, May 29 (Reuters) - The dollar held firm on Wednesday, boosted by higher U.S. yields ahead of key inflation data later in the week , and gaining on the Japanese yen as placid markets encouraged investors to resume carry trades.
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Yen hits 4-week low, euro steady after German inflation data

FOREX-Yen hits 4-week low, euro steady after German inflation data Updates at 1230 GMT By Alun John LONDON, May 29 (Reuters) - The dollar held firm on Wednesday, boosted by higher U.S. yields, and gaining on the Japanese yen as placid markets encouraged investors to resume carry trades, while the euro digested German inflation data. The dollar reached as high as 157.41 yen JPY=EBS early on Wednesday, inching back to levels that led to bouts of likely intervention from Tokyo at the end of April a
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Yen hits 4-week low, euro dips after German inflation data

FOREX-Yen hits 4-week low, euro dips after German inflation data Updated at 0840 GMT By Alun John and Ankur Banerjee LONDON/SINGAPORE, May 29 (Reuters) - The Japanese yen drifted to its softest level in four weeks against the dollar on Wednesday on the back of rising U.S. yields, as placid markets encouraged investors to resume carry trades, while the euro weakened after German inflation data.
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Dollar steady ahead of inflation data, yen hits 4-week low

FOREX-Dollar steady ahead of inflation data, yen hits 4-week low Updates at 0509 GMT By Ankur Banerjee SINGAPORE, May 29 (Reuters) - The dollar was bolstered on Wednesday by rising expectations the Federal Reserve is unlikely to cut rates until later this year ahead of crucial inflation readings this week, while the yen drifted to its weakest in four weeks.
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Dollar steady ahead of inflation data, yen wobbles

FOREX-Dollar steady ahead of inflation data, yen wobbles By Ankur Banerjee SINGAPORE, May 29 (Reuters) - The dollar was stable on Wednesday on wagers the Federal Reserve is unlikely to cut rates until later this year ahead of crucial inflation readings this week, while the yen drifted to its weakest in four weeks. The dollar was also lifted by rising Treasury yields after a lacklustre debt auction for sales of two-year and five-year notes that raised doubts about demand for U.S.
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