Markets

FX traders are betting on further Japanese yen strength

FX traders around the world are turning cold on the US dollar, reducing their net long positioning to lows not seen since the middle of last year. According to latest trade reports released by the US Commodity Futures Trading Commission last week, net US dollar positioning among leveraged investors fell […]
FX traders are betting on further Japanese yen strength
Markets

The relentless rally in the Japanese yen is gathering steam

The Japanese yen is continuing to soar in Asia, rising to its strongest level against the US dollar since October 2014. At 12.45pm in Tokyo, the USD/JPY is trading at 109.1, its lowest level since October 31, 2014 — the day the Bank of Japan (BOJ) stunned financial markets by […]
The relentless rally in the Japanese yen is gathering steam