Yen options hedging costs surge to a two-year high as the 160 threshold faces a dual test from central bank meeting and intervention risk
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
```htmlGolden Ten Data reported on June 4 that options traders are increasing their hedges against large yen fluctuations over the next two weeks, preparing for the Bank of Japan's policy meeting and potential foreign exchange intervention by authorities to support the yen. The two-week USD/JPY butterfly option spread has risen to its highest level since October 2022, with the widening spread indicating mounting concerns about significant volatility in this currency pair. Despite Japan's record-breaking spending from April 28 to May 27 to support the yen, the currency remains under pressure, heightening speculation that authorities may intervene in the market again. Investors are also focusing on the Bank of Japan's June 15-16 meeting for clues on policy direction, as the substantial interest rate gap between the US and Japan continues to weigh on the yen. Moh Siong Sim, FX strategist at OCBC Bank Singapore, stated that with USD/JPY testing the 160 mark, the risk of intervention is undoubtedly the most closely watched issue.```
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
FuboTV to Gain From Disney Integration, Subscriber Growth, Wedbush Says
MT newswire•2026/09/18 15:22
The US dollar briefly pulled back to 157.0 against the Japanese yen, up 0.8% in the past 24 hours.
Odaily星球日报•2026/09/18 15:17
AutoZone Facing Near-Term Pressure From Recent Oil Price Spike, Oppenheimer Says
MT newswire•2026/09/18 15:14
Crypto prices
MoreBitcoin
BTC
$80,975.94
+6.13%
Ethereum
ETH
$2,584.56
+5.50%
Tether USDt
USDT
$0.9994
+0.01%
BNB
BNB
$756.26
+4.35%
XRP
XRP
$1.39
+7.02%
USDC
USDC
$1
+0.01%
Solana
SOL
$110.34
+9.94%
TRON
TRX
$0.3392
+1.52%
Zcash
ZEC
$1,496.35
+4.88%
Hyperliquid
HYPE
$91.98
+12.51%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now