美元/日元期权显示市场仍未看好日元反弹

格隆汇
Aug 20
受美国财政部宣布扩大长期美债回购规模的消息推动,美元兑日元周三一度跌至158附近,期权隐含波动率随之走高。交易员观察到,市场买入的期权行权价低至157.00,以对冲美元/日元短期进一步下跌的风险。1个月期25Delta风险逆转指标从1.85升至最高2.0,显示日元看涨期权相对于日元看跌期权的溢价有所扩大。不过,随着美元/日元现货汇率回升至158中高位,波动率卖方已重新入场,而实际波动率仍处于低位。由于汇率仍低于160,日本当局进行汇市干预的风险有所下降。尽管市场对日本央行加快加息的押注升温,但投资者尚未形成坚定的日元看空、美元/日元持续下跌预期。结合日元相关期权交易流向来看,市场目前仍未完全相信日元能够持续走强或进一步扩大涨幅。

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10