Hedge funds are piling into bets that the yen will take the brunt of the dollar’s revival. That’s the message from recent data on leveraged currency bets -- a key hedge fund strategy -- which show wagers on yen weakness soared to 15% shy of the strongest levels since 2007. Given its current role, the Japanesecurrency’s reaction to news on U.S. tax-cut legislation and the chairmanship of the Federal Reserve will be key to prospects for the dollar against other majors.
Източник: Bloomberg Pro Terminal
Jr Trader Petar Milanov
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