Options traders remain optimistic about the long-term outlook for the yen; their focus is not on short-term fluctuations in the spot market. The one-year risk reversal index was not affected by short-term cash fluctuations. It expanded to 54 basis points in the direction of being optimistic about the yen on Friday. Compared with the closing level, it was the highest since February.

Options traders remain optimistic about the long-term outlook for the yen; their focus is not on short-term fluctuations in the spot market. The one-year risk reversal index was not affected by short-term cash fluctuations. It expanded to 54 basis points in the direction of being optimistic about the yen on Friday. Compared with the closing level, it was the highest since February.