Tuesday, Aug 26, 2008
Japan individual traders who have made risky purchases of the Australian and New Zealand dollars may be getting closer to a point where they are forced to sell, potentially fuelling a further drop in those higher-yielding currencies. Analysts at JPMorgan
ninenews: Analysts warn Japan traders may dump Aussie and kiwi
The yen short position is still quite large," said Sasaki, who estimated that the traders' bets against the yen and favouring foreign currencies totalled about 5 trillion yen ($45.7 billion). "The risk is to the downside."
Posted by big chris @ 10:33 PM (158 views) Add Comment
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