Hong Kong’s Extramile and Luma add new members; SG sends caveat on USD/JPY, taps FIS for derivatives back-office.
The USD/JPY pair could collapse in a hard-landing scenario in view of additional exogenous inflation shocks, more China economic lockdowns and a serious financial market plunge (potentially caused by monetary policy mistakes), according to a cross-asset research published today (20 June) by Société Générale (SG). The USD/JPY is still trading close to its tops, offering an attractive entry point to hedge portfolios ‘Equities have started to slide, but the USD
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