(Bloomberg) -- The yen’s rise to an eight-month high versus the dollar has stirred less unease over rates than its surge earlier this year, according to Bank of Tokyo- Mitsubishi UFJ Ltd., citing a gauge of expected currency swings. The yen climbed to as high as 88.24 per dollar today, the strongest since Jan. 23. Implied volatility on one-month options for dollar-yen rates rose to about 15 percent today, according to the bank, compared with 13.62 percent on Sept. 25. The reading exceeded 20 percent when the yen hit a 14-year high of 87.13 in January, suggesting a higher impact from currency movements.
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