Ostensibly, there appeared little excitement to whet the appetites of yen traders throughout May. The yen was locked in tight ranges against various other currencies, and, not surprisingly, implied volatility started to trend lower. One-month vol, which was being quoted at around 19% at the end of March, had eased off to below 14% near the end of May. Other currencies were clearly moving around to a greater extent. But even if the yen was becalmed there was enough news flow to suggest that activity could pick up.
At the time of writing, the yen had easily shrugged off a series of negative pieces of news. On May 18, the currency came...
Please log in now to view.
Enter your username (email address) and password at the top right-hand side of euromoney.com.
If you do not currently have access to this content, visit the subscription page or call our hotline on +44 (0)207 779 8999.
Subscribe online now and save up to 30%
If you are a trialist or subscriber, please enter your username and password at the top right-hand side of euromoney.com
Subscribers to Euromoney benefit from:
- 12 months access in print and online - on euromoney.com, read the latest issue early online, search for specific developments by region or sector, interrogate the results of Euromoney's benchmark polls, and view the archive dating back to 1996
- More than 30 specialist research guides free
- The results of Euromoney’s polls and surveys
- Tailored RSS news feeds direct to your desktop
- News delivered directly to your mobile device or PC
- Personalised email newsfeed of 'Top stories' and 'Breaking news'
Click here to subscribe