USD/JPY risk reversals show JPY call demand (bullish bias) is weakest since May 22. The data shows investors are likely preparing for a long-term bull breakout in the USD/JPY pair. The USD/JPY pair looks set to test 2015-2018 down trendline, currently located at 111.55, and may possibly break higher on growing Fed-BOJ divergence, having created a bullish outside-day candle on Monday. The investors are likely preparing for a bullish breakout, the options market data indicate. For instance, the USD/JPY one-month 25 delta risk reversals (JPY1MRR) rose to -0.9 – the highest level since May 22 vs the recent low of -1.6 seen on June 25. The rise from -0.9 to -1.6 represents falling implied volatility premium for JPY calls or falling demand for JPY calls (bullish bets). JPY1MRR Â Â Â Â 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 GBP/USD Forecast July 9-13 – Political crisis calmed down Yohay Elam 4 years USD/JPY risk reversals show JPY call demand (bullish bias) is weakest since May 22. The data shows investors are likely preparing for a long-term bull breakout in the USD/JPY pair. The USD/JPY pair looks set to test 2015-2018 down trendline, currently located at 111.55, and may possibly break higher on growing Fed-BOJ divergence, having created a bullish outside-day candle on Monday. The investors are likely preparing for a bullish breakout, the options market data indicate. For instance, the USD/JPY one-month 25 delta risk reversals (JPY1MRR) rose to -0.9 - the highest level since May 22 vs the recent low of… Top 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.
