USD/JPY still trades around the 149 level. Economists at Commerzbank analyze the pair’s outlook. The risk of long USD/JPY positions seemed too high Gi
ven Tuesday's exchange rate move , why is no one really sure if we've seen an intervention? Well, there had been a lot of speculation in the run-up that the MOF might take action on a break of the 150 level in USD/JPY.
Therefore, it stands to reason that quite a few market participants wanted to sell USD/JPY as soon as this event occurred – because then the risk of long USD/JPY positions seemed too high. If many do this at the same time, a market reaction can occur that looks like an intervention. Source: Bloomberg
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
USD/JPY IG Client Sentiment: Our data shows traders are now at their least net-long USD/JPY since Oct 20 when USD/JPY traded near 150.11.Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/JPY-bullish contrarian trading bias.
Lire la suite »
USD/JPY tumbles toward 147.00 as Japanese Yen soars; signs of possible interventionsThe USD/JPY experienced a sudden collapse, plunging more than 250 pips within a few minutes. The pair, which had been trading above 150.00 following t
Lire la suite »
USD/JPY: The risk-reward remains skewed to the downsideIn September, the Yen weakened further versus the US Dollar. Economists at MUFG Bank analyze USD/JPY outlook. Yen weakness to turn The risk-reward in
Lire la suite »
USD/JPY holding ground near 148.80 after rumored BoJ currency interventionThe USD/JPY into the low end heading into Wednesday's market session after an assumed Bank of Japan (BoJ) intervention on Tuesday saw the pair tumble
Lire la suite »
USD/JPY sticks to gains around 149.20-25 area, intervention fears act as headwindThe USD/JPY pair gains some positive traction during the Asian session on Wednesday and moves further away from its lowest level since September 14, a
Lire la suite »
Asia Day Ahead: USD/JPY Firm Despite Potential Intervention, NZD/USD at 3-Week LowUS Treasury yields continued with their ascent overnight, with the US 10-year yields at 4.8%. Aside, the VIX is at its four-month high, hovering just below its key 20 level.
Lire la suite »