Japanese yen
Japan disaster has broad impact across asset classes
Race to de-risk
Yen interbank funding market calm as government bond yields retrace
The reduced scale of hedge fund carry trade activities compared with previous crises such as the collapse of Lehman Brothers in 2008 has reined in potential increases in the yen libor rate and short-end JGBs.
Yen will strengthen as it did after Kobe, say currency strategists
The earthquake and tsunami that struck Japan on March 11 will not force a weakening of the yen, according to currency strategists focused on the region.
Japanese CDS spreads stabilise in aftermath of quake
Risk perceptions ease despite desperate situation in areas affected by the natural disaster
Japanese CDS spreads widen as fears of nuclear disaster grow
Stock market drops while Japanese government implements economic stimulus in response to earthquake
Sponsored statement: Société Générale Corporate & Investment Banking
Looking both ways
Japan injects ¥7 trillion; expands asset purchase programme by ¥5 trillion
Bank of Japan makes largest-ever same-day funds operation in bid to subdue market panic following Tohoku earthquake
Blossoming retail
Blossoming retail
Yen deal of the year – Walmart
Yen deal of the year – Walmart
FTSE launches index linked to developed market currencies
FTSE launches index linked to developed market currencies
More offshore renminbi currency pairs to go electronic
Icap plans to launch electronic cash trading for offshore renminbi against yen, Hong Kong dollars and euros within weeks to support its renminbi/ US dollar initiative.
Volatility drops as BoJ intervention proves successful
But market may begin testing the Bank of Japan's resolve if more measures are not taken
RBC: Japanese limits on margin trading will weigh on Aussie/yen cross in August
Japanese plans to limit leverage on margin trading to a maximum of 50 times collateral in August could affect Australian dollar/yen cross rates.
Hedge funds hit by risk reversal fears in May and June
Hedges funds have grappled with poor performance during the past two months after global stock market tumbled, with investors parking their money in cash as the Greece sovereign-debt crisis weighted heavily on Asian markets
ETF Securities offers emerging markets and G10 currency exposure
Exchange-traded currencies target retail and institutional investors
FX volatility creates headaches for bond investors
Investors shift allocations to US dollar products as euro sinks.
Now you PRDC them...
Power-reverse dual-currency notes have represented something of a Trojan horse for dealers. The hybrid structures have been popular for more than a decade among a wide range of Japanese investors, from regional banks to pension funds. But now the strain…
Yen weakens as carry trades unwind, yen and equities decorrelate
The unwinding of yen carry trades and the de-correlation of the yen with equity markets, as well as wider economic factors, have all been linked to the yen's decline over the past month.
Carrying on
Hedge Funds
Yen rise triggers PRDC hedging
The yen hit its highest level against the dollar since August 1995 on March 17, spurring banks to hedge exposures to power-reverse dual currency notes (PRDCs) and other similar structured products.
Cash and carry
Foreign exchange