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Investors stand by big yen short despite BoJ intervention

Financial Times LogoFinancial Times1w ago

Investors stand by big yen short despite BoJ intervention - Financial Times

Quick Summary:

And despite the BoJ’s attempt to strengthen the currency, investors and analysts said they do not expect a massive unwinding of the short positions any time soon.

Karl Schamotta, chief market strategist at Corpay, said: “Even with massive foreign exchange reserves at their disposal, Japanese authorities cannot reverse the tide.

Higher interest rates on US Treasuries have attracted foreign investors, also bolstering the dollar.

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Article Details

Author / Journalist: Kate Duguid

Category: MarketsFinanceInvesting

Topics: Short Monetary Dollar Foreign Rates Interest Currency Intervention Been Financial Bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-23, 04:00:16

News Timezone: GMT -5:00

News Source URL:

Language: English

Reading Time: 5 minutes read

Article Length: 786 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 485262

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About Financial Times

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Year Established: 1888

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News Last Updated: 12h ago

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