Traders Snared in Yen ‘Bingo’ as Manic Swings Ruin Japan Holiday

– The Japanese yen saw huge volatility against the US dollar on April 29th, plunging over 1% in early Asian trading before rallying over 2% later in the day. – Currency traders in markets like Melbourne, Tokyo, Singapore were scrambling to deal with the dramatic swings in a holiday-thinned market with low liquidity. – Speculation […]