10 Jan 2014
Flash: a short squeeze on the yen - BBH
FXstreet.com (Guatemala) - Strategists at BBH noted the pullback in US yields is spurring a short-squeeze in the yen.
Key Quotes:
“The dollar is posting an outside down day against the yen, slipping to its lowest level since December 18”.
“The dollar has not closed below that average for two months”.
“The strength of the yen and the weakness of US equities, if sustained for the remainder of the session, will likely weigh on Japanese shares at the start of the new week”.
Key Quotes:
“The dollar is posting an outside down day against the yen, slipping to its lowest level since December 18”.
“The dollar has not closed below that average for two months”.
“The strength of the yen and the weakness of US equities, if sustained for the remainder of the session, will likely weigh on Japanese shares at the start of the new week”.