USD/JPY retreats to around 158.10 in London trading

The story

Early in London trading, USD/JPY rose to 158.49 but failed to touch 158.50, then retreated to the 158.10 range.

The market has observed NY cut options worth approximately $696 million at 158.50, while NY cut options worth approximately $543 million have also been observed at 158.00.

The pair is currently trading around 158.21, and movements in the London market are being closely watched.

At a glance

Store formatRose to 158.49 early in London trading, but did not reach 158.50

LevelRetreated to the 158.10 range

NY cutNY cut options of approximately $696 million at 158.50 and $543 million at 158.00 observed

Current priceCurrently around 158.21

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