The document discusses the recent rebound in Asian currencies, attributing it to factors such as market re-pricing of the Fed, a more positive view of the Chinese Yuan, and stretched long USD/Asia positioning. It analyzes various positioning metrics, including NDF positioning, currency trading levels, ATM vol curves, risk reversals, and equity flows. The document also examines the relationship between FX and local stock markets, suggesting that currencies have priced in the end of equity outflows for now.
documents/vol00010-efta01475276-pdf.pdf
{"title":"Asia FX: Positing on positioning","key_people":["Mallika Sachdeva"],"document_date":"2015-10-12","document_type":"correspondence","key_locations":["Asia"],"key_organizations":["Deutsche Bank AG"],"reference_numbers":["EFTA01475276","EFTA01475277","EFTA01475278","EFTA01475279","EFTA01475280","EFTA01475281","EFTA01475282","EFTA01475283","EFTA01475284","EFTA01475285","EFTA01475286","EFTA01475287","EFTA01475288","EFTA01475289"]}