Hedge Funds Cut Yen Shorts by Most Since Pandemic on Omicron [Business News Network (BNN) (Canada)]
Westpac Banking Corporation (WBK)
US:NYSE Investor Relations:
westpac.com.au/about-westpac/investor-centre
Company Research
Source: Business News Network
Leveraged funds cut net-short yen derivatives positions by 40% in the week ended Nov. 30, in the biggest net contract purchase since March 2020, according to the latest data from the Commodity Futures Trading Commission. The yen has strengthened more than 2% against the dollar since hitting a near five-year low on Nov. 24. The move coincided with a worldwide shift out of risk assets into havens like the yen and Treasuries on concern the new strain will derail the global recovery. Westpac Banking Corp.'s Risk Aversion Index surged to the highest since February 2020 last month. Risks to the yen are on the upside “while omicron concerns remain,” Commonwealth Bank of Australia strategists including Kim Mundy wrote in a note. “Safe-haven status is a strong driver of the yen during times of heightened uncertainty.” Still, the reduction in bearish wagers has created room for speculators to pile up yen shorts again, according to JPMorgan Chase & Co. The position data indicate “the he
Show less
Read more
Impact Snapshot
Event Time:
WBK
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
WBK alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
WBK alerts
High impacting Westpac Banking Corporation news events
Weekly update
A roundup of the hottest topics