Hedge funds pivot to selling euro against yen on Japan rate bets

Option markets: France’s Prime Minister Michel Barnier arrives for a televised interview on TV channels TF1 and France 2 in Paris. Fears that a no-confidence vote in France may topple the country’s government are adding to reasons to sell the currency. — Reuters

PARIS: France‘s no-confidence vote is emboldening currency options traders to short the euro against the yen.

Euro-yen options trading on the Depository Trust & Clearing Corporation has surged recently.