OctaFX | OctaFX Forex Broker
Open trading account

USD/JPY risk reversals drop to 5.5-week, signal JPY strength

Three-month USD/JPY risk reversals (JPY3MRR) fell on Monday to the lowest level since Oct. 31, indicating investors are adding bets to position for further strength in the Japanese yen (further losses in the USD/JPY).

At press time, the risk reversals are trading at -1.5 in favor of USD/JPY puts (bearish bets) vs -1.2 seen on Dec. 3.

The USD/JPY is currently trading at 112.48, having bounced off the crucial 100-day MA of 112.27 and if risk reversals are to be believed then the long-term MA support could be breached soon.



Eurogroup Head Centeno: “We must treat Italy like every other country”

Reuters reports the recent comments by the Eurogroup Head Centeno posted in Sueddeutsche Zeitung paper. We must treat Italy like every other country.
Read more Previous

AUD/USD staggers after recovering 0.7200

AUD/USD remains unmoved from the 0.7200 zone, testing near 0.7220 but intraday momentum has stalled at the key figure as Pacific markets settle back d
Read more Next
Start livechat