Free Trial

Citi Recommended Increasing USD/JPY & USD/CHF Hedge Ratios

FOREX

Citi note that “safe-haven FX activity remained strong on Tuesday amid elevated U.S. rates vol. Positioning factored into real money and hedge fund USD/JPY selling and real money USD/CHF buying seen after U.S. CPI. The increased activity around CHF and JPY may persist as long as U.S. rates vol. remains elevated, though neither our traders nor our strategists feel like this will be thematic medium-term. CitiFX Strategy suggests Increasing USD/JPY and USD/CHF hedge ratios to position for a rebound in Fed terminal pricing.”

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.