TOKYO -- Individual foreign exchange investors in Japan, collectively known as "Mrs. Watanabe" in the FX market, abandoned their usual contrarian trading patterns in 2022, a Bank of Japan report suggested on Friday, apparently driven by the yen's heavy depreciation against the dollar last year.
Currencies
Mrs. Watanabe had a change of heart in 2022: Bank of Japan report
Yen's big dip pushed individual investors to avoid bucking the trend as usual
Personal forex investors in Japan usually go against the flow, but as they joined the selling of Japan's currency in 2022, they may have amplified the yen's depreciation against the dollar. © Reuters
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