(Bloomberg) -- Hedge funds look to have pulled back from their most bullish yen bets but are still paying high prices to hedge positions at current levels, a...
-- Hedge funds look to have pulled back from their most bullish yen bets but are still paying high prices to hedge positions at current levels, a sign of increased uncertainty as to where the currency will go next.NYC Subway Riders See ‘Exceptionally High’ Air Pollution
The yen has swung in a wide range this week, initially surging as leveraged funds continued to exit short positions in the currency brought on by last month’s BOJ rate hike, before rapidly retreating after Uchida spoke. The currency traded below the 142 per dollar level on Monday before approaching 148 on Wednesday.
“It truly means a lot that I can have everybody in South Carolina watching the game and cheering me on.”
Ruchir Sharma Shinichi Uchida Hedge Funds
Canada Latest News, Canada Headlines
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