Japanese yen
JSCC margin changes ease Japan interest rate pain
Negative rates prompted switch in the CCP’s margin calculation model for interest rate swaps
Taper talk drives wild swings in JSCC-LCH basis
Difference between pay-fixed yen swap rates at LCH and JSCC neared 16bp before falling 30% last week
Monthly swaps data review: analysing CCP and Sef volumes
Data shows strong growth at LCH and JSCC, while OIS products surge
Benchmark fallbacks should be regulated, says industry
Fears of basis risk unless all users are obliged to write backup rates into legacy contracts
SGX to charge negative interest to clearing members
Excess euro and yen cash deposits expected to generate 20–40bp charge
Negative rates force decline in yen life products
Japan’s life firms are increasingly focused on foreign-currency products
LCH-JSCC basis to boost XVA acceptance in Japan
Prices now "can't be explained without reference to XVAs", says Nomura credit head
LCH-JSCC basis rockets for cleared yen swaps
Cost of receive-fixed swaps at JSCC jumps fivefold in a week
For a few dollars more: Japan banks tackle dollar/yen basis jump
Soaring cross-currency swap prices force dollar funding rethink
Dollar/yen basis blows out as leverage ratio bites US banks
Basis at its widest since European banks faced a global dollar funding squeeze in 2012
Only 4% of Japan swaps have traded electronically
ETP volumes are low despite mandate and participants are worried about regulation's future scope
Q&A: BoJ's Nakaso on QE, JGB liquidity and Basel III
Coherence of new Basel rules needs study, says BoJ deputy governor
Japan banks still not pricing CVA into derivatives trades
A loans-focused business model means credit risk mitigation a low priority
Japan regulators further relax electronic trading mandate
JFSA initially to mandate only three tenors of IRS for platform trading
Japan FSA threshold for trade execution 'extremely high'
Only banks with ¥6tn in derivatives must trade swaps electronically
Cross-currency basis causes pricing headache for dealers in Japan
Yen and dollar funding discrepancies hit Nikkei options market
Currency derivatives house of the year: Bank of America Merrill Lynch
Currency derivatives house of the year: Bank of America Merrill Lynch
Rabobank fined $1 billion for Libor failings
Dutch bank the latest to pay for benchmark manipulation
Yen volatility drives record turnover, central bank surveys reveal
Volume was up across forex products in the UK and US in April 2013, with nearly $1 trillion traded daily in the US and more than $2.5 trillion in the UK
Lack of CSAs restricts forex hedging options for Australian institutions
Returns for hedging via long-term cross-currency swaps are attractive, but few are able to do so because of the lack of credit support annexes in place
Hedge funds escape Japan rout with minor losses
Global macro hedge funds show no signs of bailing out of the ‘Abe trade’ after weathering the sudden reversal in Japan. Global macro and managed futures funds lost on average 0.6% on the day
Thai sovereign entities to hedge out legacy yen exposures as baht strengthens
Recent mark-to-market gains on legacy yen-denominated loans make now a tempting time to hedge, according to Thai market players
Myriad factors impact major currency pairs, says Gallo
Clashing currencies