FX Invest Middle East: Volatility is tough and unsustainable, say managers

Delegates at FX Invest conference in Dubai discuss Japanese intervention, the value of emerging market currencies and their outlook on volatility

The heightened level of volatility in foreign exchange markets that has come to be expected in some major currencies in recent months is both challenging and unsustainable, according to speakers at the FX Invest Middle East conference in Dubai yesterday.

Speaking just hours after the intervention by Japanese authorities that saw dollar/yen climb from 76 to 79 and then back to 78, currency managers said they expect the volatility of volatility will continue to be elevated for some time, but that