Tag Archives: FX Price Action: What’s Next?

ZeroHedge – FX Price Action: What’s Next? – 25 May 2013

ZeroHedgeMarc To Market's pictureSubmitted by Marc To Market

The main development in the foreign change market over the past week has been the short squeeze of the yen, and to a lesser extent, the Swiss franc.

The move coincided with a backing up in JGB yields, with the 10-year approaching the 1.0% threshold, a nearly three-fold increase since the BOJ announced its more aggressive monetary stance in early April.  The Nikkei took it on the chin, falling 12.5% between Thursday’s high near 16k and Friday’s low just below 14k. Continue reading