Yen Options Suggest Slide to 165 Before Japan Intervention
Yen options indicate a potential slide to the 165 level against other currencies before Japan's central bank is likely to intervene in the market.
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Yen Options Suggest a Slide to 165 Level Before Japan Intervenes - Bloomberg.com
Yen Options Suggest a Slide to 165 Level Before Japan Intervenes Bloomberg.com
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Traders are comfortable pricing yen weakness all the way to 165 per dollar — a drop of about 1.6% from the current level, already near the weakest in four decades.
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