A cheaper way to take a bearish stance
BACKGROUND: Many investors remain bearish USD/JPY over the medium to longer term, despite the current recovery. But at the moment establishing structured short positions can prove relatively expensive. Despite the rise in USD/JPY since the start of the year, the market consensus is still for a lower USD/JPY over the longer term. Our forecast is also for USD/JPY to trade lower towards the 90.00 level by the end of the year, after a period of consolidation in the first half of the year. In fact
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