USD/JPY risk reversals jump to highest since May 2017

Omkar Godbole FXStreet Contributor

One-month risk reversals on USD/JPY, a gauge of calls to puts, has jumped to -0.613, the highest level since May 2017, having bottomed at -1.05 on Jan.4.

The data provided by Reuters indicates a weakening of demand for USD/JPY puts or bearish bets.

The currency pair is trading at 104.15 at press time, the highest level since Dec. 15. The pair bottomed out at 102.59 on Jan. 6.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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