There’s no quick cure for a Japanese momentum trade hangover

Q: How long will it take to read this news story?

The story "There’s no quick cure for a Japanese momentum trade hangover" has 638 words across 28 sentences, which will take approximately 3 - 6 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "There’s no quick cure for a Japanese momentum trade hangover" was covered 11 hours ago by Financial Times, a news publisher based in United States.

Q: How trustworthy is 'Financial Times' news outlet?

Financial Times is a fully independent (privately-owned) news outlet established in 1888 that covers mostly markets, finance, and investing news. The outlet is headquartered in United States and publishes an average of 17 news stories per day. It's most recent story was published 8 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #21935068</li><li>URL: https://beamstart.com/news/theres-no-quick-cure-for-17228686116022</li></ul>

Financial Times 11h ago

There’s no quick cure for a Japanese momentum trade hangover - Financial Times

Quick Summary:

CTAs positions have been unwound by about 40%, but with NKY falling below 35,000 and TPX falling below 2,400, it is likely that they will be forced to further reduce their positions .

CTAs are accelerating loss cutting, but at the same time, it has been left behind by the sudden market drop.

Now that momentum has reversed, cleaning up the mess could drive Japanese stocks lower by another 15 per cent, according to JPMorgan analysis.