Yen deemed ‘too tricky to trade’ with more swings ahead
Japanese currency is not a trade for the fainthearted right now.
Vishnu Varathan was on the seventh floor of his office in Singapore’s Asia Square on Thursday when the phones started ringing. The yen was surging and clients wanted to know what was coming next, quickly.
“Price action was very fast,” said Varathan, head of economics and strategy at M
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