Yen surges against dollar


The very crowded short Japanese yen trade continues to unwind (just a bit). Dollar/yen is down 1% to ¥103.13 in morning action. The pair had risen to nearly ¥106 on the year's first trading session. FXY +0.9%.

Nikkei futures -1.8%. DXJ -1.4%.

Related ETFs: DXJ, EWJ, FXY, YCS, JGBS, JGBD, DFJ, JYN, NKY, DBJP, EZJ, EWV, YCL, SCJ, DXJS, JSC, ITF, JGBL, JPP, JPNL, JGBT, JPNS, FJP, JGBB

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Comments (1)
  • davidshelton
    , contributor
    Comments (373) | Send Message
     
    Where to now usd.jpy? 100? 98(as per Morgan Stanley)?
    13 Jan 2014, 11:54 AM Reply Like
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