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### WHAT IS MRS WATANABE DOING? - With........>

FOREX
FOREX: ### WHAT IS MRS WATANABE DOING?
- With Japan out on an elongated Golden Week holiday a lot of focus has fallen
on the potential for flash crashes, with low liquidity moves often driven by
retail FX (Mrs Watanabe) positioning in Japan. Here is a recap of the latest
weekly positioning data from the Tokyo Financial Exchange (TFE), dated 16 April
2019.
- USD/JPY saw a record net short position amassed as of 16 April, while TRY/JPY
net longs, a favoured carry play, sit above the level seen at the time of
January's well-documented flash crash, albeit back from recent highs. ZAR/JPY
longs sit below the level seen at the time of the January flash crash.
- Table & Chart: https://emedia.marketnews.com/TFEFX010519.png
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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