BusinessBusiness

How to Play the Bank of Japan Currency Intervention

How to Play the Bank of Japan Currency Intervention
Open Image Modal
By 

Contributor

|

Editor's Note: This content was originally published on Benzinga.com. It looks like the Bank of Japan may currently be intervening in the current markets as the yen/dollar has jumped significantly in the past few minutes and the stock market averages are well off their lows for the day.The ratio is now 84.02/dollar well above the 83.90 ratio we saw earlier.To profit from this investors may want to look at a pairs trade here.I suggest traders consider shorting CurrencyShares Japanese Yen Trust (FXY) and subsequently going long iShares MSCI Japan Index ETF (EWJ).The Japanese Yen Trust ETF tracks the price ...

Read more on Minyanville

Support HuffPost

At HuffPost, we believe that everyone needs high-quality journalism, but we understand that not everyone can afford to pay for expensive news subscriptions. That is why we are committed to providing deeply reported, carefully fact-checked news that is freely accessible to everyone.

Whether you come to HuffPost for updates on the 2024 presidential race, hard-hitting investigations into critical issues facing our country today, or trending stories that make you laugh, we appreciate you. The truth is, news costs money to produce, and we are proud that we have never put our stories behind an expensive paywall.

Would you join us to help keep our stories free for all? Your will go a long way.

Support HuffPost
Suggest a correction
|
Submit a tip