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Shorting the yen appears to be nudging out long Apple as the most-crowded hedge fund trade, with...

Shorting the yen appears to be nudging out long Apple as the most-crowded hedge fund trade, with BAML reporting more than a doubling in notional yen shorts over the last 2 months of the year (CFTC data shows the same) as some notable funds trim stakes in Apple. FXY starts off the year -0.5% after falling 10.5% in Q4.
Comments (1)
  • should easily be the best trade for 2013--point and figure chart for ycs has minimum price objective of 72 versus price of 51 on 1/2/13
    2 Jan 2013, 02:49 PM Reply Like
DJIA (DIA) S&P 500 (SPY)