Dealers shun yen barriers after joint US-Japan action

Market-makers retreat from exotic structures amid intervention risk, with funds in wait-and-see mode Hedge funds and foreign exchange options dealers are on high alert for a further round of intervention in the Japanese yen, leading market-makers to hold back from writing exotic structures and funds to run light risk amid the uncertainty.Co-ordinated US-Japan action to support the currency drove vanilla US dollar/yen options volumes up nearly two-and-a-half times, from $18.3 billion on July 29 Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe You are currently unable to print this content. Please contact info@risk.net to find out more. You are currently unable to copy this content. Please contact info@risk.net to find out more. Copyright Infopro Digital Limited. All rights reserved.You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.If you would like to purchase additional rights please email info@risk.net Sorry, our subscription options are not loading right now Please try again later. Get in touch with our customer services team if this issue persists. New to Risk.net? View our subscription options If you already have an account, please sign in here. Most read articles loading... Back to Top