Hedge Funds Most Bearish on Japanese Yen Since 2007
Hedge funds have adopted their most bearish stance on the Japanese Yen since 2007, with a former FX czar suggesting the currency is undervalued by 20%.
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Hedge Funds Turn Most Negative on the Japanese Yen Since 2007 - Bloomberg.com
Hedge Funds Turn Most Negative on the Japanese Yen Since 2007 Bloomberg.com
Read full article →"Reaching A Climax": Hedge Funds Turn Most Bearish On Yen Since 2007, As Former FX Czar Sees 20% Undervaluation
"Reaching A Climax": Hedge Funds Turn Most Bearish On Yen Since 2007, As Former FX Czar Sees 20% Undervaluation For much of the past year, when the USDJPY disconnected - initially playfully and then terminally - from 2Y yield differentials, FX traders have been asking when and how will this gaping divergence finally converge. Alas, that answer remains elusive still, even as the collapse in the yen has pushed the currency to a generational low, and become an increasingly politica...
By Tyler Durden
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