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If we denote by S the FOR/DOM Trade charge (i.e., 1 unit of overseas forex is truly worth S units of domestic forex) we are able to notice that shelling out out one unit of the domestic currency In the event the location at maturity is over or under the strike is strictly similar to a income-or nothing call and place respectively.
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Positioning is less net-lengthy than yesterday but much more Internet-lengthy from past week. The combination of present-day sentiment and up to date changes presents us an additional modest bearish USDJPY trading bias.
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