Feb 25, 2013
Forex: Epic falls in all Yen crosses; Hedge funds unwind massive longs
The ongoing epic fall in all Japanese Yen may be explained as a result of alarm, confusion, consternation, fear, hysteria, even terror to no longer hold long Yen positions, with prime brokers, according to Sean Lee, founder at FXWW, "reporting panic selling by hedge funds and CTAs who had built up massive long positions" he says.
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