USD/JPY again below 152.00 – prospect of market volatility a headwind for yen carry commerce
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The US greenback has been below strain throughout the session just about throughout the board. US political information from the weekend appears to be the suspect for the weak greenback:
- USD weaker to open the brand new foreign exchange week – election polls the perpetrator
The yen has additionally benefitted from rising volatilies, the VIX was above 20 on Friday forward of the US election and FX vols are additionally agency.
The prospect of volatility is a headwind for the yen carry commerce (carry merchants prefer it all quest for price disparity to work of their favour) that’s it advantages JPY.
USD/JPY yen is an enormous loser on the session right here:
This text was written by Aaron Cutchburt at www.ubaidahsan.com.
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