Time to Buy Yen
- By Bilal Hafeez
- 2 min read
• The yen was the worst performing currency in 2021 and is trading at its weakest level since early 2017.
• But significant Fed hawkishness has already been priced and equity markets are becoming more volatile, which could point to yen strength.
• Moreover, USD/JPY typically falls at the start of Fed hiking cycle. We could see a move down to 110 and we add a short USD/JPY trade to our portfolio.
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