CHILE: CLP Outperforming After CPI Data Increase Risk Of Extended Rate Hold

Oct-08 13:15

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* Today's CPI inflation data confirmed that core pressures remain persistent, reinforcing the cent...

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OPTIONS: EUR Into Upper-end of Recent Range, Nearing Sizeable Strikes

Sep-08 13:14

EUR spot remains pinned between a series of sizeable strikes - over E3.7bln notional is set to roll-off between 1.1700 - 1.1750 today, which could help dictate the range. With US PPI, CPI data set for this week, the larger option pipeline is thinner than usual, but decent sized options expiring at 1.1740-50(E1.4bln) and $1.1825(E1.7bln) in EURUSD on Thursday could be of post-data interest.

Full expiry schedule for today's cut here:

  • EUR/USD: $1.1600(E1.2bln), $1.1620-30(E1.0bln), $1.1690-00(E1.3bln), $1.1750(E1.2bln), $1.1835(E873mln)
  • USD/JPY: Y146.00($1.1bln), Y146.45-55($945mln)
  • USD/CAD: C$1.4000($517mln)
  • USD/CNY: Cny6.9500($1.4bln)

SONIA OPTIONS: Z5 1x2 Put Spread Seller

Sep-08 13:11

SFIZ5 96.15/96.05 1x2 put spread, paper sells for 3.0 in 3k.

JAPAN: Takaichi Intends To Run For LDP Leader - Kyodo via BBG

Sep-08 13:08

"*JAPAN'S SANAE TAKAICHI INTENDS TO RUN FOR LDP LEADER: KYODO" Bloomberg

  •  Not a surprising development.
  • Thatcherite MP Sanae Takaichi is a front-runner among many opinion polls - and also ran against Ishiba in the last leadership race. While politically conservative, she's made clear her preference for easy monetary policy and a bigger role for fiscal spending - reminiscent of the Abenomics policy set from 2012 - 2020.
  • Takaichi's likely intent to run as LDP leader was a key driver of overnight twist steepening in the JGB curve.