Update on CADJPY. And why I took this trade.
In a recent conversation I had with a colleague, we discussed the resurgence of the Japanese currency. The strength of Japan, in the long-term rally, relies on its expansion of credit. This colludes with he fact of the already low rates for the country. Following from recent weeks, the sell off of corporate bonds for Japan is a striking message of growth towards attractiveness as long term investors see a potential for higher yields.
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