Business

The Most Hated Currency In The World

Business
@https://twitter.com/candicelanier

Candice writes for several publications, including The Christian Post, Red State, The Black Sphere and Patriot Update. She is the Science & Tech Editor at the Minority Report Blog and the founder and Editor-in-Chief at Front Lines. She's also the founder of Candice Lanier's Tech News and works as a computer consultant. Additionally, Candice is an antiques dealer.

Business Insider – You really can’t look anywhere right now without reading about someone hating the yen.

SocGen’s Kit Juckes wrote today:

I hadlunch yesterday with a bunch of old friends/colleagues/acquaintances from the HF/investment/HNW markets. The result was a wide-ranging debate about markets. Everyone wants the yen to weaken (FX folks want to short the yen, equity folks think a weaker yen can let the Nikkei play catch-up).

Morgan Stanley’s big 2013 currency outlook is called: FX Outlook 2013: The Year of JPY Weakness.

There are news reports about how traders are seeing “vindication” in their longtime bearishness.

Pop traders like Dennis Gartman say they are are shorting the yen.

Per the CFTC, traders ahve recently gone net short the yen for the first time since the Spring (chart via SocGen):

cftc yen

SocGen

Goldman’s Jim O’Neill says he’s been a longtime Yen bull, but has now gone negative:  More>>

Get Free Email Updates!

Signup Now to Receive Updates and Alerts!

We will never give away, trade or sell your email address. You can unsubscribe at any time.

More in Business

M_Id_460172_Spectrum_auction

How Congress Should Function: Spectrum Auction is Bipartisanship in Action

Steve FoleyJan 30, 2015
mcdonalds ceo out cnbc

McDonalds CEO Departs Amid Stagnant Sales

Streetwise_ITJan 29, 2015
A customer holds an iPhone 6  and iPhone 6 Plus after the phones went on sale at the Fifth Avenue Apple store in Manhattan, New York

Thanks to iPhone 6 sales, Apple ties with Samsung for top smartphone rank

Candice LanierJan 29, 2015
inet

Leader of Soros-Founded INET: Rich are Ready to Flee in Case of Uprising

Steve FoleyJan 29, 2015
IBM_CeBIT_2010 via Patrick H Flickr Wiki-s

Layoffs- Is IBM Prepping The Big One?

Streetwise_ITJan 27, 2015

The Minority Report is a network of websites devoted to Conservative & Libertarian politics in the United States. In 2014 the network had over 20 million page views!

On this site you'll find posts & links to some of the best and most comprehensive center-right news and opinion on the net...

November 2012
M T W T F S S
« Oct   Dec »
 1234
567891011
12131415161718
19202122232425
2627282930  

Archives

Copyright © 2014 The Minority Report Network