Forex Flash: USD/JPY call spreads attractive - Standard Chartered

Mr. Kuroda is widely expected to be confirmed as the new BoJ governor in the following days, while one of the deputies appointed, Mr. Iwata, remains doubtful, Standard Chartered research strategist note.

The bank adds: "The BoJ has several options to ease further; these could come before the next meeting. Stay Underweight JPY; falling risk reversals make USD-JPY call spreads attractive..."

Mar 14, 2013

Forex: AUD/NZD jumps to fresh 2-month highs on RBNZ+Aus jobs data

AUD/NZD is currently printing fresh 2-month highs at 1.2674, higher for seventh consecutive day. Today there was a combination of a RBNZ dovish statement earlier in the Asian open session, followed by an astonishing Aussie jobs report number, all of which made the cross jump a generous +1.8% from the RBNZ statement release time, all in a few hours.

Japan lower house endorses new BoJ leadership

As expected, the Japanese lower house has approved the three BOJ leadership nominees, with Mr. Kuroda as the appointed governor, while the two deputies are Mr. Iwata and Mr. Nakaso.