Heads Up: USDJPY Approaches 140
Quick look at JPY immediate term price action, and near term short positioning
Immediate term market price action:
JPY futures listed on CME are once again on my radar as spot USDJPY looks to break sub 140. Specifically 0.0072 on March’24 JPY futures, as:
0.0072 level is recent highs following the Dec 7th massively volatile JPY surge
Large call options open interest outstanding at 0.0072 strike, as well as one strike above at 0.00725
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