Yen Traders Brace for US CPI as Dollar-Yen Volatility Surges
Yen options volatility rises ahead of US CPI data, with traders split on dollar-yen direction amid intervention risk and divergent short vs medium-term flows.
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Yen options volatility rises ahead of US CPI data, with traders split on dollar-yen direction amid intervention risk and divergent short vs medium-term flows.
Eurizon SLJ predicts USD/JPY has peaked, targeting 125, but yen gains from the joint intervention have already halved as rate differentials persist. BOJ's September hike odds and skeptics warn of a v…