Risk reversals drop to lowest since March 23, indicate rising demand for JPY calls. Investors expecting a deeper drop in USD/JPY pair. The USD/JPY one month 25 delta risk reversals (JPY1MRR) fell to -1.5 on Wednesday – the lowest level since March 23 vs -0.65 on April 18. The decline from -0.65 to -1.5 represents rising implied volatility premium or rising demand for JPY calls and indicates the investors are likely expecting a deeper drop in the USD/JPY pair. As of writing, the USD/JPY pair is trading at 108.60, having hit a low of 108.11 yesterday. JPY1MRR 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 AUD/NZD backing down as the Aussie continues to drift against the Kiwi FX Street 5 years Risk reversals drop to lowest since March 23, indicate rising demand for JPY calls. Investors expecting a deeper drop in USD/JPY pair. The USD/JPY one month 25 delta risk reversals (JPY1MRR) fell to -1.5 on Wednesday - the lowest level since March 23 vs -0.65 on April 18. The decline from -0.65 to -1.5 represents rising implied volatility premium or rising demand for JPY calls and indicates the investors are likely expecting a deeper drop in the USD/JPY pair. As of writing, the USD/JPY pair is trading at 108.60, having hit a low of 108.11 yesterday. JPY1MRR 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.