In a Sept. 10 letter to SEC Chairperson Gary Gensler, a Democrat, Republican lawmakers Jim Jordan, Patrick McHenry, and James Comer accused the agency of hiring "individuals from left-wing organizations for senior SEC positions." They allege that email communications made public in the Securities Exchange Commission's (SEC) rulemaking commentary may indicate that Gensler's decision to hire the agency's director of trading and markets, Dr.
Hedge funds have turned bullish on the yen for the first time since 2021 after sharp swings in foreign exchange markets led to a surge in a popular yen trade. According to the latest data from the U.S. Commodity Futures Trading Commission (CFTC) for the week ended Aug. 13, leveraged funds held about $7 million worth of 86 contracts betting that the yen would appreciate, and speculators were generally bracing for a rise in the yen, marking a sharp shift from the extremely negative sentiment that ...
Hedge funds turned bullish on the yen for the first time since 2021, after big swings in the foreign exchange market led to a surge in a popular yen trade. Leveraged funds held 86 contracts worth about $7 million betting that the yen would appreciate, according to the latest data from the U.S. Commodity Futures Trading Commission (CFTC) for the week ended Aug. 13, and speculators in general were bracing for a rise in the yen, marking a sharp shift from the extremely negative sentiment traders ha...
At the beginning of this week, the Japanese stock market and foreign exchange market experienced strong fluctuations due to factors such as the Bank of Japan's increase in policy interest rates and weaker-than-expected US economic data. Earlier, Kazuo Ueda, the governor of the Bank of Japan, said that the increase in policy interest rates would not have a major negative impact on the economy. However, Japanese economics...