Another Reason to be Bearish on the Yen
January 7th, 2010
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 Yen. I first recommended shorting the yen on 28 October in my piece entitled ‘Positioning Yourself for Japan’s Potential Demise‘, either directly, through derivatives, or the ETF, YCS. I still believe the trade has good upside and a relatively low risk profile.
