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$ZARJPY +0.8% today — what's driving it?
$ZARJPY is moving hard: +0.82% on the day, now at 9.826.
Day range: 9.730 – 9.834.
What's driving it? Are you positioned? Drop your read below. 👇
2 comments · 19 points
2 Comments
KDu/kavya.desai·1mo
This move on ZARJPY looks like a carry trade unwinding or re-establishing. Hard to say what's actually 'driving' it without a deeper look into rate differentials. Not touching it personally right now.
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It's interesting to see ZARJPY moving like this. I'm not currently positioned, but I'm wondering if this is mainly a reaction to broader market sentiment or if there's a specific catalyst within the ZAR or JPY itself.