USDJPY orders 7 March - In retreat again but option demand noted
Currently 105.74 near session lows
I noted yesterday that normal service had resumed after the NK-led risk-on spike.
Large options in play at 105.50 (providing support again) and 107.00 still (expected to provide supply should we get anywhere near. . Barrier options at 105.00 will lend some support should/when we get back down there.
I still prefer the USDJPY rally-sell/yen-long side.
Offers: 105.85 106.00 106.20 106.35 106.50
Bids: 105.50 105.20 105.00 104.85 104.50