Alphabet, Micron ramp up FX hedging
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Tech pair leads FX derivatives surge in year to Q2, while notionals at Apple and Johnson & Johnson decline

Micron’s share price has climbed nearly 200% this year
Alphabet and Micron saw the biggest year-on-year increases in foreign exchange derivatives notionals among large US corporates, while Apple and Johnson & Johnson cut their positions sharply, according to regulatory filings.
Risk.net analysis of Q2 filings from non-financial companies in the S&P 500 to the US Securities and Exchanges Commission showed that in notional terms, Alphabet saw the biggest
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