BEAMSTART Logo
Want to share news to millions of readers?

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.


More Pictures


or

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: ft.com

Language: English

Reading Time: 5 minutes read

Article Length: 786 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 485262

View Article Analysis

About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 19 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 12h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #3

Publisher Details

BEAMSTART brings you the latest news, jobs, and events from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2022 BEAMSTART. All Rights Reserved.