The chord of contact of the parabola y2=4ax w.r.t. point P(x1,y1) is yy1=2a(x+x1) .... (1)
This line touches the parabola x2=4by.
Solving (1) with parabola, we have x2=4b[y12a(x+x1)]
or y1x2−8abx−8abx1=0
According to the question, this equation must have equal roots.
Therefore, D=0
or 64a2b2+32abx1y1=0
or x1y1=−2ab or xy=−2ab
which is the required locus.