Hedge funds are upping bets that the Japanese yen could weaken toward 165 per dollar before authorities intervene, defying renewed warnings from Tokyo as the currency trades near multi-month lows, according to a report by Bloomberg citing data from the the Depository Trust and Clearing Corp (DTCC).
Options market activity shows strong demand for structures that benefit from further gains in USD/JPY, even as Japan’s finance minister and top currency officials reiterated concerns after the yen sli...
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