Flash Crash Fears Haunt Traders Ahead of 10-Day Japan Break
- Long positions versus dollar exceed those before flash crash
- Japan’s currency susceptible to a sharp move up or down: NAB
Photographer: Kiyoshi Ota/Bloomberg
This article is for subscribers only.
Japan’s retail investors have propelled their net long yen positions against the dollar to near a record ahead of the nation’s extended Golden Week holidays.
Margin traders’ net long yen positions were at 208,613 contracts as of April 23, near a record reached just last week, according to the latest data from the Tokyo Financial Exchange Inc. That’s worth $2.09 billion.