💵🔺Dollar Topside Demand Firm Post Non Farm Payrolls: Cable FX Macro
- Rosbel Durán
- Oct 7, 2022
- 1 min read
Demand for dollar call options remains higher over puts after September Non Farm Payrolls data released.
USD risk reversals had seen a pullback in previous session but now stand at 1.4 and 1.7 favouring calls in the 1-mo and 3-mo tenors, respectively
Looking forward in the curve, USD topside demand rises into longer tenors. USD/JPY 25d RR favour the yen in tenors up to a year (green curve). In EUR/USD and GBP/USD option skewness favour the dollar across tenors, demand for protection against dollar strength rises further into longer tenors
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