Japanese Yen Wreaks Havoc Across FX Markets, Bank of Japan Intervenes
Posted: Wed Feb 10, 2016 3:34 pm
Japanese yen traders have been hit massively by a raft of volatility as the Bank of Japan is rumored to be ‘checking’ rates. While the European banking sector turmoil is driving local indices to new lows, the ongoing raft of volatility may be a key metric that increases brokerage revenues in the first quarter of 2016.
Traders of the Japanese yen have been hit massively by a violent decline in the USD/JPY and the rest of the JPY crosses, as the currency markets are adjusting to tightening liquidity conditions. While volatility is welcomed in the immediate future, not all brokerages ... (read more)