Stung by last week's sharp dollar plunge, Japanese retail foreign exchange traders collectively know as "Mrs Watanabe" have been shy about taking their hallmark contrarian stance, meaning less bargain hunting support for the greenback. Margin-trading Mrs Watanabe took a drubbing on Aug. 24, when the dollar tumbled nearly 5 percent to a seven-month low of 116.15 yen as risk aversion triggered by a rout in Chinese equity markets heavily favoured the safe-haven Japanese currency. "The plunge resulted in forcing day traders into massive rounds of dollar-selling to cut their losses," said Takuya Kanda, senior researcher at ... (full story)