Shorting the CADJPY is such a powerful tool for portfolios in today's market environment. The trade benefits from 3 fronts: (1) NAFTA headwinds for the CAD, (2) Geopolitical risk-off dynamics of the JPY, and (3) Equity underperformance.
Attractive technicals and fundamentals for this trade. Plenty of JPY longs have been liquidated over the past week, but the charts are signaling a reversal.
Attractive technicals and fundamentals for this trade. Plenty of JPY longs have been liquidated over the past week, but the charts are signaling a reversal.