Yen surges against dollar

|By:, SA News Editor

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