Core Viewpoint - Hedge funds are ignoring warnings from Japanese authorities and are betting on the Japanese yen potentially falling to around 165 against the US dollar before any intervention occurs [1] Group 1: Hedge Fund Activities - There is a sustained demand for bullish structures on the USD/JPY pair among hedge funds, with a continuous influx of direct option purchases and leveraged structured trades [1] - These positions anticipate that the Bank of Japan may intervene in the 160-165 range [1] Group 2: Trading Strategies - The leveraged structures mentioned include reverse knock-out options, which become worthless upon reaching specific price barriers but are more cost-effective than standard call options [1] - The rapid rise of the currency pair and the threat of intervention have prompted some investors to buy put options for hedging and speculative trading [1] Group 3: Market Sentiment - Concerns over potential intervention have led some investors to seek short-term downside protection [1]
对冲基金借期权杠杆押注日元跌至165
Xin Hua Cai Jing·2026-01-15 02:40