Friday, October 16, 2026

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USD/JPY - Large 121.00 strike likely to attract

3.7B worth of 121.00 NY cut expiries expected to attract in early NY trading Mix of offers & stops seen above 121.00; bids seen at 120.50 while offers are in size at 121.25 Hourly hammer seen late Wed continuing on its w…

By Ian Preston
1 min read
USD/JPY - Large 121.00 strike likely to attract
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  • 3.7B worth of 121.00 NY cut expiries expected to attract in early NY trading

  • Mix of offers & stops seen above 121.00; bids seen at 120.50 while offers are in size at 121.25

  • Hourly hammer seen late Wed continuing on its way through market

  • Spot's correlation with 5year UST/JGB 30d log correlation currently at +0.76

 

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