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14 Mar 2013
Forex Flash: USD/JPY call spreads attractive - Standard Chartered
Mr. Kuroda is widely expected to be confirmed as the new BoJ governor in the following days, while one of the deputies appointed, Mr. Iwata, remains doubtful, Standard Chartered research strategist note.
The bank adds: "The BoJ has several options to ease further; these could come before the next meeting. Stay Underweight JPY; falling risk reversals make USD-JPY call spreads attractive..."
The bank adds: "The BoJ has several options to ease further; these could come before the next meeting. Stay Underweight JPY; falling risk reversals make USD-JPY call spreads attractive..."