{"id":343151,"date":"2024-07-12T23:10:40","date_gmt":"2024-07-12T17:40:40","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=343151"},"modified":"2024-07-12T23:10:40","modified_gmt":"2024-07-12T17:40:40","slug":"yen-weakness-should-be-limited-in-the-near-term-ubs-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/yen-weakness-should-be-limited-in-the-near-term-ubs-crypto-news\/","title":{"rendered":"Yen weakness should be limited in the near term \u2013 UBS &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>Speculative investors\u2019 short Japanese Yen (JPY) positions are close to a record. USDJPY could see bouts of pullbacks if US data continues to point to a soft landing, UBS FX strategists note.<\/p>\n<h2 class=\"fxs_headline_medium\">Short Yen positions are close to a record<\/h2>\n<p>\u201cThe Japanese Yen jumped as much as 3% against the US Dollar (USD) after the US CPI print pushed the Treasury yield lower, and as Japanese officials appeared to have conducted another round of intervention with yen purchases.\u201d<\/p>\n<p>\u201cWhile we only expect US-Japan yield differentials to narrow more meaningfully by year-end, we advise against chasing <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/usdjpy\" data-fxs-autoanchor=\"\">USD\/JPY<\/a> higher or taking JPY loan exposure. Given that speculative investors\u2019 short Yen positions are close to a record, we think that USDJPY could see bouts of pullbacks if US data continues to point to a soft landing.\u201d<\/p>\n<p>\u201cFor investors with existing short USDJPY trades, we favor using short-term pullbacks to reduce or exit these positions.\u201d<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Speculative investors\u2019 short Japanese Yen (JPY) positions are close to a record. USDJPY could see bouts of pullbacks if US data continues to point to a soft landing, UBS FX strategists note. Short Yen positions are close to a record \u201cThe Japanese Yen jumped as much as 3% against the US Dollar (USD) after the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":5294,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,367,248,251,246,257,255,1062,250,252,247,253,249,275,256,254],"class_list":["post-343151","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-boj","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-japan","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-usdjpy","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/343151","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=343151"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/343151\/revisions"}],"predecessor-version":[{"id":343152,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/343151\/revisions\/343152"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/5294"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=343151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=343151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=343151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}