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Mizuho Bank: The yen's sharp falls in Asian trading on Monday may be due to "fat finger" trading
Huitong Financial News Mizuho Bank said that the yen suddenly falls in early Asian trading on Monday, highlighting the market's heightened nervousness over the yen and possible official intervention. Vishnu Varathan, the bank's head of economics and strategy in Singapore, said it could be a fat finger trade. This also shows extreme speculation in the Spot and Options space, as well as the high sensitivity of investors to the risk of intervention. In the absence of official intervention, the market seems to be trying to push USDJPY towards 160.