USD/JPY: Positional liquidation the main driver - FXWW

FXStreet (Bali) - Sean Lee, Founder at FXWW, notes that hedge funds having to return money to Russian investors due to worldwide financial sanctions is one of the main drivers behind the recent decline in USD/JPY.

Key Quotes

"I’m continuing to hear reports of hedge funds having to return money to Russian investors due to worldwide financial sanctions. This is leading to positional liquidation of longer term trades in the FX market, like everyone’s favourite USD/JPY trade, and in FI as well."