※Translated with Notion AI. (Plus version)
If you are confident in your understanding of foreign exchange,
there is no need to read this!
The dollar-yen exchange rate game, which had been going on for a bit long, seems to have entered a temporary truce.
The weakness of the US economy becoming noticeable in these two months is one of the major factors.
Once the direction becomes clear, the investment appeal diminishes, so it is only natural for the professionals among professionals to end investment in the yen, which is not a major currency, and switch to another game.
It’s the same as not touching dessert for health after eating up a delicious meal.
In terms of fundamentals, suddenly there have been a lot of reports saying “from yen depreciation to yen appreciation” lately.
In the past week, it’s been a stunning “about-face”.
It’s mysterious what’s causing it and whether there’s an “aesthetic eye” there.
I interviewed individually a trader at a fund who is doing a large amount of proprietary trading and a professional in international finance (strategist/economist) who I know from old.
Since both of them work for different financial organizations, they are thought to have a fair professional perspective.
Let me say it again,
if you are confident in foreign exchange and
international financial markets,
Please do not read.
【Pro Trader】
*Professional traders do not meet with journalists or experts from other companies.
They also may not share their inner thoughts.
This time, a friend of nearly 30 years shared about the world of professionals.
Question: What markets are you currently trading in?
Answer: I am trading foreign exchange throughout Asia in our Singapore office.
Originally, I was a trader at a top US investment bank, but several years ago, I transferred to the macro fund I currently work for.
In the past, I was mainly a dollar-yen trader, but now, as long as it’s within the risk amount I can manage on my own, I’m free to trade in any Asian currency.
Question: Which currencies are you focusing on?
