Derived Data That Drive Results
By Jeremy Boulton — Sep 25 - 03:55 AM
USD/JPY has slipped into a 140-150 consolidation phase nL1N3JV08D
Volatility has sunk from early Aug peak while stocks have surged
Further stimulus likely to inflate stocks and promote carry trades
One month USD/JPY swap is 62 pips - almost 0.5% int-rate return for longs
Traders now short USD are losing daily when USD/JPY not moving
Net short position is $5 billion - potential for squeeze
Correction to 139.58 refreshed the uptrend - 38.2% 2021-2024 rise is 139.28
USD/JPY, vol, foward swap and world stocks Click here
Source:
Refinitiv IFR Research/Market Commentary
