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Another Reason to be Bearish on the Yen

|Includes: ProShares UltraShort Yen ETF (YCS)

Japan's new finance minister has indicated that he would like to see the yen depreciate 'a bit more' after falling 9% from it's recent high. This is in contradiction to Japan's recently retired finance minister, and likely means further depreciation for the currency. I first recommended shorting the yen on 28 October in my piece entitled 'Positioning Yourself for Japan's Potential Demise', either directly in the FX market, through derivatives, or the ETF, YCS. I still believe the trade has good upside and a relatively low risk profile.

Disclosure: Long YCS