Knock out options 145 in USD/JPY - defensive sellers ahead the level

There are defensive sales ahead of 145.00 relating to these option barriers.

A barrier option gets knocked out (no longer exists/becomes worthless) if the level trades, hence the defensive sales ahead of 145.

US yields have dribbled down a little also.

And Powell is speaking Thursday.

If you are long USD/JPY the above are a few reasons to lighten up a little on approach to 145 if we see that in Asia today.

usdyen update chart 08 September 2022

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