Derived Data That Drive Results
By Jeremy Boulton — Apr 29 - 03:45 AM
Traders have wagered $14.5 billion that yen drops
This is a much bigger bet than when BOJ intervened in 2022
USD/JPY dropped from 151.94 in Oct 2022 to 127.22 EBS in Jan 2023
Many of those short yen are making money
There is never a bad time to book a profit, this may be a better one
April 29 action certainly looks like intervention nL1N3H20EQ
JPY bets Click here
Source:
Refinitiv IFR Research/Market Commentary
