jpy
Hedge funds are increasingly short the Japanese yen, pointing to more downside of the currency. The USD/JPY exchange rate was trading at 159.81 on Wednesday, a few pips below the year-to-date high of 160.22. Hedge funds are short the yenThe Japanese yen has been the worst-performing currency in developed countries in the past few years. It has already crashed by over 5% from the highest level in May and by over 20% from its post-pandemic high. Hedge funds have continued to increase their short bets against the Japanese yen. Data by the CFTC shows that these funds have been short the currency s...
Invezz
The USD/JPY exchange rate has soared in the past six consecutive days and is slowly nearing its all-time high as the Japanese yen sell-off intensifies. It was trading at 158 on Friday and was nearing its all-time high of 160.2. It has soared by more than 13% from its lowest point in January. Japanese yen is plungingThe Japanese yen has become the worst-performing major currency this year as concerns about the Bank of Japan policy continues. In a statement last week, the bank announced that it would scale back its bond purchases significantly as it seeks to exit its ultra-loose monetary policie...
Invezz
It’s been a difficult past month for the Japanese Yen, which has seen almost continuous weakening against the US dollar following the latter’s victorious bumper crop of Nonfarm Payrolls recently. As of this morning (Wednesday 12th), the USD/JPY has risen for four days in a row, nearing the $157.25 price point at the time of this article going to press. Today, so far, the USD/JPY has continued to strengthen during the Asian trading session, in anticipation of United States inflation data figures, as well as the Federal Open Market Committee (FOMC) decision on US interest rates, both coming out ...
Invezz
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