Core Viewpoint - Hedge funds are betting that the Japanese yen will fall to 160 against the US dollar by the end of the year, driven by the divergence in monetary policy between the Federal Reserve and the Bank of Japan [1] Group 1: Market Activity - There has been a surge in call option trading betting on the strength of the US dollar against the yen, with the nominal value of call options exceeding $150 million, reaching six times that of put options [1] - Sagar Sambrani, a senior forex options trader at Nomura International, noted that the policy differences between the Fed and the BoJ are leading macro hedge funds to expect a "stair-step rise" in the USD/JPY pair, predicting it will reach 157 in one month and 158-160 by year-end [1] Group 2: Institutional Insights - Asset management company Amundi stated that if the USD/JPY exchange rate breaks above 155, the volatility range could extend up to 160 [1] - Thomas Bureau, global head of forex options trading at Societe Generale, observed an increase in demand for cheap USD/JPY options with knockout clauses, indicating a preference for tactical short-term hedging tools [1]
对冲基金押注日元年底将跌至160关口
Xin Hua Cai Jing·2025-10-31 02:48