Dollar-yen option volumes are down to a trickle, hitting a one-month low as investors await the Bank of Japan’s policy decision on Thursday for clues on the pair’s direction.
Volume on Monday was the lowest this month while Tuesday was barely any better, Depository Trust & Clearing Corporation data showed. This signals limited interest in trading one of the most liquid currency pairs in the world, which will also be impacted by the Federal Reserve’s policy decision later on Wednesday.