Euro Corporates Scoop Dollar Calls
European Corporates have been buying short-term calls on the U.S. dollar against the yen, after Japan announced an 11% fall in machinery orders over the last year.
--Rob McGlinchey
EuropeanCorporates have been buying short-term calls on the U.S. dollar against the yen, after Japan announced an 11% fall in machinery orders over the last year. The government has blamed the drop in orders on the strength of the yen and some expect intervention.
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