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Saxo traders on the dollar yen drivers
It's all about the US jobs data on Friday, the non farm payrolls, for Saxo Bank's FX traders this Wednesday. Trader, Dan Larson, is seeing strong interest to buy downside strikes in dollar/yen and says it feels like the market is "panicking" to buy that back.
Trader, Kresten Bechmann, explains that while there are lots of buying options in dollar/yen, things are “quieter” on the euro/dollar side; people have been trying to sell the pair. He also adds that people have been selling vega, or options further out.
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01:11 minutes
Tags: business, central banks, currencies, dan larsen, dollar yen, dollar yen options, economy, finance, financial market, forex, fx, global equities, interest rates, investing, investors, jpy, kresten bechmann, markets, non-farm payrolls, options, prifit making, profiting, saxo bank, saxo bank group, saxo traders, trade idea, traders, trading, tradingfloor.com, us jobs, us jobs data, usd, usdjpy, vega, video