Traders Brace for Yen Swings as Holiday Intervention Risk Looms

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Traders Brace for Yen Swings as Holiday Intervention Risk Looms

Options traders are paying up to hedge against sharp moves in the yen ahead of thin US holiday trading, as speculation grows that Japanese authorities may be less predictable in how they intervene to support the currency.

Options traders are paying up to hedge against sharp moves in the yen ahead of thin US holiday trading, as speculation grows that Japanese authorities may be less predictable in how they intervene to support the currency.