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Forex Flash: Yen shorts backed away from highs – Rabobank

By FXstreet.com,  January 15, 2013, 07:50:00 AM EDT

FXstreet.com (Barcelona) - "In tune with the moderation in risk appetite at the start of last week yen shorts edged further away from their recent high and net USD position edged back into positive ground. Since then spot USD/JPY has reached a 2 ½ year high", explained Chief Currency Strategist at Rabobank Jane Foley, after assessing the last CFTC COT report.

The USD/JPY is partly retracing yesterday's gains on Tuesday, after posting tops in the boundaries of 89.70 in response to the increasing risk appetite on last week's ECB statement and dovish press conference.




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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