Free Trial

Senior Analyst, Jens Naevig Pedersen.....>

DOLLAR-YEN
DOLLAR-YEN: Senior Analyst, Jens Naevig Pedersen at Danske Bank said earlier
"the sell-off in USD/JPY reflects the combination of last week's strong sell-off
in JPY and very stretched positioning." They believe yesterday's announcement to
cut back bond purchases in the long end of the curve (+25Y) should not be
interpreted as an indication that an exit from quantitative easing is drawing
closer. "It is merely a reaction to the recent flattening of the super-long JGB
yield curve as the BoJ is very focused on the shape of the yield curve."

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.