THE BIGGEST OPTIONS EXPIRY THIS YEAR – THE YEN COLLAPSES

Now that we have had the Bank of Japan increase its interest rates, the market has done the complete opposite…Does it mean the market doesn’t care? Nope…Its positioning.
True Carry unwind involves volatility in forex…We are seeing that behaviour.
More so, there is a huge options expiry coming into play today, with cryptocurrency seeing a $3.15B expiry in bitcoin and eth.

Today is going to be a volatile day for sure…

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