Mrs Watanabe jumps on yen-selling bandwagon as tide turns


The yen has ben falling steadily against the dollar after Japanese Prime Minister Abe cranked up the money-printing machines, going from 84.43 a dollar in Oct 2010 to above 100. It fetched 108.57 on Thursday - Reuters Photo.

TOKYO: Japan's legions of retail foreign-exchange traders, popularly known as Mrs Watanabe, are turning into sellers of yen.

They have shifted from playing the dollar's range against the yen to betting against the Japanese currency after it slumped to six-year lows recently, market participants and data show.

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