Trading platform volumes surge as stock markets plunge
NEWS
"It is the beginning of the unwinding of the carry trade," said Morti Jungrees, head of trading at Toronto Dominion in London. "It is all correlated to stock markets around the world and the looming Japanese year-end." Particularly active trades were the USD/JPY and the EUR/JPY, he said.
"The pace of the moves, the extremity of the positioning beforehand combined with a retreat from risk all point to the unwinding of the carry trade," said Simon Derrick, managing director, global markets at Bank
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