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A few too many on one side of the boat? The world's most popular short, the yen...

  • Monday, February 25, 3:40 PM ET
    A few too many on one side of the boat? The world's most popular short, the yen is strengthening in chunks now, with the dollar -2.5% and buying ¥91.10. More popular than long dollar/yen has been long euro/yen and that's getting pounded even harder. The twin trade to short yen has been long Japan stocks, particularly in the form of the hedged equity ETF (DXJ). It's off 3.3%.
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This news story has 6 comments:

  •  
    Only fried if you didn't get out of the trade with interim profits. Don't underestimate the direction of this trade.
    25 Feb, 04:28 PM Reply Like
  •  
    One reversal doth not a trend make.
    25 Feb, 04:37 PM Reply Like
  •  
    Exactly, there is little reason to believe the 40 year trend of yen appreciation will reverse.

    http://bit.ly/WnphQM
    25 Feb, 06:58 PM Reply Like
  •  
    Japan borrowed a page from the Feds playbook, the trend is intact
    25 Feb, 05:32 PM Reply Like
  •  
    I think the yen will head downwards long term. Timing as always is anybody's guess but with aggresive Japanese easing and moderation in easing here, imo the long term trend is towards 100 and beyond.
    25 Feb, 08:04 PM Reply Like
  •  
    Its those pesky Italian brothers of mine again. Flight to safety - hurry hurry - panic - I increased FXY Put postion 25% at the lows of the day. Thanks Abe and I don't mean Lincoln
    26 Feb, 06:20 AM Reply Like
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