Daily Market Notes
Somebody Finally Printed the Notionals. The Biggest Dollar-Yen Strike Is 42 Pips Under the High.
Eight runs of asking, and a publisher finally printed the dollar-yen expiry notionals as text: 157.00 at 1.3 billion dollars, 157.20 at 780 million, 157.50 at 883 million, 158.00 at 1.6 billion, 159.00 at 722 million. The 158.00 strike was within ten pips of spot at 05:41 UTC and finished the European session 42 pips under a 158.42 day high. The 14:00 New York cut shares its minute with a US print whose consensus three readers give as 47.5, 47.6 and 48.0, Canada lands 90 minutes earlier, and positioning prints at 19:30 with two of our predictions on it.