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Forex Flash: Watch for exposed short-yen positions ahead of BoJ - RBS

By FXstreet.com,  January 14, 2013, 06:47:00 PM EDT

FXstreet.com (Barcelona) - Ahead of the BoJ monetary policy decision on January 22, Rob Ryan, RBS analyst, reminds us that "recent BoJ decisions have been characterised by a sell-the-fact type reaction: even when the central bank has delivered the consensus easing measures, USDJPY has seen a knee-jerk pullback" he notes.

Mr. Ryan adds: "It seems to us that the market is now at risk of significant disappointment come Tuesday next week: if all we get is a vaguely worded desire for 1-2% inflation there could be a lot of exposed short-yen positions -- with crosses such as JPYKRW
and AUDJPY particularly at risk of a sharp unwind."




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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