OctaFX | OctaFX Forex Broker
Open trading account
Back

USD/JPY: Positional liquidation the main driver - FXWW

FXStreet (Bali) - Sean Lee, Founder at FXWW, notes that hedge funds having to return money to Russian investors due to worldwide financial sanctions is one of the main drivers behind the recent decline in USD/JPY.

Key Quotes

"I’m continuing to hear reports of hedge funds having to return money to Russian investors due to worldwide financial sanctions. This is leading to positional liquidation of longer term trades in the FX market, like everyone’s favourite USD/JPY trade, and in FI as well."

EUR/JPY price action within negative territory - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that the Yen is among the most benefited of the US day.
Read more Previous

USD/JPY bulls defending the 108 handle

USD/JPY is trading at 108.20, up 0.16% on the day, having posted a daily high at 108.27 and low at 107.75.
Read more Next
Start livechat