Hedge Funds Are Betting Yen May Slide to 165 Before Intervention
Hedge funds are ignoring yen intervention warnings and wagering in the currency option markets that it may fall toward 165 to a dollar before Japanese authorities step in.
By David Finnerty · Bloomberg Markets
Hedge funds are ignoring yen intervention warnings and wagering in the currency option markets that it may fall toward 165 to a dollar before Japanese authorities step in.