FX OPTIONS: USD/JPY Front End Underpinned Amid Spot Gains

USD/JPY front dated vols have been underpinned amid a bout of interest via the 1-mth contract. Good interest has been noted for ATM vols, with one name reportedly paying the 1-mth at 6.70% and a 1-mth 121.00 JPY put also traded at 6.80% in USD 200 million. The remainder of the curve is largely unmoved despite the move beyond the previous range top at 119.25. The 1-wk is at 6.70/7.45, while 3-mth shows 6.65/6.70, 6-mth is at 6.65/6.85 and the 1-yr is at 6.85/7.05.