Buy ‘Cheap’ Yen Before Its Big Awakening in 2019, SocGen Says
- Pause in Fed hikes or expectation of tighter BOJ seen as fuel
- ‘Overvalued’ U.S. currency may turn into a loser next year
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It’s time to start loading up on “cheap” yen.
Using options to bet on gains for Japan’s currency is a smart wager for 2019, according to Societe Generale. The yen reached its weakest since early October on Friday, before recovering as concern over China’s economy fueled declines in global equities and eroded risk appetite.