USD/JPY topped clocked six-month highs above 112.00 today, having scaled a key long-term falling trendline hurdle yesterday. The JPY call (bearish bets) value dropped to levels last seen on May 18. The USD/JPY pair crossed the three-year-long falling trendline with strength on Wednesday and rose to a six-month high of 112.38 in the Asian session today. The bullish breakout is likely forcing investors to ditch long JPY call positions (bullish bets). Â For instance, the USD/JPY one-month 25 delta risk reversals are being paid at -0.675 JPY calls – the level last seen on May 18. About 2.5-weeks ago, the risk reversals were being paid at -1.55 JPY calls. The rise from -1.55 to -0.675 indicates falling implied volatility premium (falling demand) for cheap out-of-the-money JPY calls. JPY1MRR Â FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next BoC: Poloz follows through – TDS FX Street 4 years USD/JPY topped clocked six-month highs above 112.00 today, having scaled a key long-term falling trendline hurdle yesterday. The JPY call (bearish bets) value dropped to levels last seen on May 18. The USD/JPY pair crossed the three-year-long falling trendline with strength on Wednesday and rose to a six-month high of 112.38 in the Asian session today. The bullish breakout is likely forcing investors to ditch long JPY call positions (bullish bets). Â For instance, the USD/JPY one-month 25 delta risk reversals are being paid at -0.675 JPY calls - the level last seen on May 18. About 2.5-weeks ago, the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
