📝 Seen Fast Money Bids In USDJPY Vols And GBPUSD Downside: UBS Strategy

More or less all G10 FX pairs are moving sideways on the day with no major flows to note in the cash space. There has been fast money interest to buy USDJPY vol as well as some GBPUSD downside. EURUSD vols have come lower with supply of weighted vega and skew in general, the desk has seen sellers of outright downside and riskies in the 3m space.

USDILS selling has been noted from fast money on Thursday. Trader Yuri Benelli noted that ILS FX implied yields opened higher on the back of a high CPI print (0.3% m/m vs 0.1% exp). Funding also squeezed higher, with international banks caught short ILS. Elsewhere, EURPLN traded higher in reaction to some earlier headlines regarding the CHF loan case. - UBS Strategy