(Bloomberg) -- The yen may gain beyond 120 against
the dollar for the first time in two months as rising options
volatility prompts traders to exit carry trades, said Kengo
Suzuki, currency strategist at Shinko Securities Co. in Tokyo.
``Investors aren't being compensated enough for the risk of
putting on dollar-yen carry trades,'' said Suzuki. ``It's
possible for the yen to head higher against the dollar and this
could spread to other currencies.''
Read more at Bloomberg Currencies News
the dollar for the first time in two months as rising options
volatility prompts traders to exit carry trades, said Kengo
Suzuki, currency strategist at Shinko Securities Co. in Tokyo.
``Investors aren't being compensated enough for the risk of
putting on dollar-yen carry trades,'' said Suzuki. ``It's
possible for the yen to head higher against the dollar and this
could spread to other currencies.''
Read more at Bloomberg Currencies News
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