Hedge Funds Chase Yen Strength Plays on Intervention Fears
Hedge fund demand for dollar-yen options that profit from a decline in the pair has increased after the currency moved past 160, amplifying intervention rhetoric from Japan’s Ministry of Finance.
By David Finnerty, John Cheng · Bloomberg Markets
Hedge fund demand for dollar-yen options that profit from a decline in the pair has increased after the currency moved past 160, amplifying intervention rhetoric from Japan’s Ministry of Finance.