Home USD/JPY risk reversals: renewed demand for protection against JPY strength – Scotiabank

USD/JPY risk reversals: renewed demand for protection against JPY strength – Scotiabank

Updated: 3 Oct. 2018 | 19:49

Analysts at Scotiabank noted that the JPY has been showing renewed weakness.

Key Quotes:

“The market tone remains critical as market participants assess the latest Italian budget negotiations.”

“Speculative positioning is bearish and extended, and risk reversals are showing signs of a turn suggesting renewed demand for protection against JPY strength.”

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