USD/JPY strategy: how do you manage the intervention tail?
USD/JPY pays you for the rate gap and threatens you with intervention. The strategy question is how to hold yen positions when a silent several-hundred-pip move can arrive any minute.
What's your answer?
- how you size USD/JPY versus other majors
- the levels or signals that make you cut
- whether you prefer yen crosses and why
The intervention guide covers the tail risk in depth.
Comments
Log in to join the discussion. Comments follow the community guidelines.
Log in to commentLoading comments…