Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
16 Jan 2018

GBP/JPY - Risk reversals diverge, hit 5-1/2 week low

  • Risk reversals diverge from a rally in the GBP/JPY cross.
  • Drop in risk reversals indicate rising demand for GBP puts.

GBP/JPY ran into bids below 50-day MA last Thursday and rose to a one-week high of 153.10 today.

However, the rise in the spot has not revived demand for GBP calls. The GBP/JPY one-month 25 delta risk reversals fell to 5-1/2 week low of -1.20, suggesting rising demand for bearish bets (puts) on GBP.

That said, the recovery in GBP/JPY from last Thursday's low of 150.19 is backed by yield differential. The 10-year UK-Japan yield has risen more than 11 basis points from the Dec. 29 low of 113.8 basis points.

GBP/JPY Technical Levels

As of writing, the currency pair is trading at 152.88. A break above 153.00 (zero levels) would expose 153.41 (Dec. 8 high) and 153.67 (Jan. 8 high). On the downside, breach of support at 152.36 (session low) could yield pullback to 151.19 (Dec. 26 low) and 151.00 (zero levels).

 

Jan 16, 2018

USD/JPY nears 111.00, chart driven recovery gathers steam

The USD/JPY caught a bid wave around 110.50 in early Asia and rose above 110.84 (Nov. 27 low) to set a session high of 110.98. The Reuters report bla
Read more Previous
Jan 16, 2018

Japan All Industry Activity Index (MoM) above expectations (0.4%) in November: Actual (1.1%)

Japan All Industry Activity Index (MoM) above expectations (0.4%) in November: Actual (1.1%)
Read more Next