Traders active on MoF retreat
Traders and analysts agreed that the yen is set to rapidly appreciate during April. But traders were loath to suggest that it is a one-way bet, as the MoF can still sell vast amounts of yen at any time. As a result, the upside for the currency will be explored tentatively, they said.
Violent moves in dollar/yen, which saw a fall from 105.92 to 103.42 on Wednesday (March 31), followed a week of speculation as to the future of Japanese currency intervention. This was prompted by reports in The
More on Trading
Forward thinking: Banks adapt P&L mark-out tools for FX forwards
Dealers modify market impact measurement to get better handle on profitability – and client value
BNP Paribas to launch e-FX pricing engine in Singapore
BNPP is latest bank to set up Singapore pricing engine; readies Cortex Live launch with AI and data tools
JP Morgan: beating lower margins, flat volumes and the competition
Foresees collaboration with clients and technology providers on FX tech infrastructure, and working with regional players
FX market growing, but more risky – BIS review
Reduced reliance on PvP and heightened fragmentation threaten market resilience
BidFX eyes expansion in execution tools and algos
Buy-side focus on FX exposure will drive development
Call for clarity on last look rejections
Asset managers say holding periods “far in excess” of what is necessary for risk checks
Buy-side traders cannot be passive with algo execution
Traders need to be proactive and ensure in-depth monitoring throughout life of an order, panellists say
FXall bolsters frontier liquidity with new partnership
The alliance will extend liquidity to several currencies in Africa and Asia
