- Analytics
- News and Tools
- Market News
- Yen may weaken again – SocGen
Yen may weaken again – SocGen
CFTC data show Yen shorts cut back, but not eliminated. Kit Juckes, Chief Global FX Strategist at Société Générale, analyzes JPY outlook ahead of the Bank of Japan (BoJ) meeting.
Short EUR/JPY for the BoJ?
The Yen has been supported by a very sharp unwind of longs, according to CFTC data, but overall positioning remains short.
The BoJ meeting on Tuesday probably won’t do anything, and that may see the Yen weaken again, especially if Treasuries sell off when the US comes in. The Yen though, is helped by the fact that a sharp cut in shorts still leaves the market short, unlike the Euro position. Maybe the best way forward remains being short EUR/JPY.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
