The Yen’s Next Move

Published on
25 September, 2018
Topic
Macro, Trading, Japan, Bonds
Duration
12 minutes
Asset class
Currencies

The Yen’s Next Move

Featuring Max Wolff

Max Wolff, chief economist at the Phoenix Group, has an idea for trading the Japanese yen against the U.S. dollar. He explains what he’s looking at, key levels to watch out for, and how to make the trade, in this interview with Brian Price. Filmed on September 24, 2018.

Published on
25 September, 2018
Topic
Macro, Trading, Japan, Bonds
Duration
12 minutes
Asset class
Currencies
Rating
79
Sharing

Comments

  • SB

    Stewart B.

    30 9 2018 12:32

    1       0

    Was that long, or short, USDJPY? :(

  • BP

    Byron P.

    30 9 2018 11:04

    2       0

    what a second rate analysis and perspective, from his pathetic self-deprecating tone to his trade strategy. I don't want to pay money to watch this. Stick with the big guys and quality, not volume RealVision.

  • JC

    James C.

    26 9 2018 23:26

    1       0

    This is a bad one. The Yen hasn't "recovered" going from 80 to 115, it's weakened.

  • F

    Floyd .

    26 9 2018 22:04

    0       0

    Maybe Max will be right but taking a position against a government that 'owns ' the bond market and stock market and has shown a tendency to defend its markets FX and otherwise don't like those odds.

  • VP

    Vincent P.

    26 9 2018 15:32

    2       1

    RV better hire someone who knows FX or at least a QA Editor. OMG!!!

  • PD

    Paul D.

    26 9 2018 09:49

    1       0

    I don't think he was looking for 119, he was looking for 106!

  • CS

    Carlo S.

    26 9 2018 05:21

    1       0

    I agree with Norman below. I wasn't sure whether he was bullish or bearish until the end.

  • SB

    Stuart B.

    26 9 2018 00:42

    2       0

    if USD/JPY goes from 100 to 80, the yen is strengthening. This was not made clear and I think the trade idea at the end is going the wrong way but it was tough to follow. Otherwise, I thought the ideas on trade were interesting. He's right not to get stuck on rate differentials.

  • NG

    Nick G.

    25 9 2018 20:58

    11       2

    Can I suggest you do a Scoreboard with a % P/L for the various contributors? Might concentrate their minds.

  • SH

    Steve H.

    25 9 2018 20:17

    7       0

    There's a myth - repeated here - that JPY is a safe haven/flight to safety currency. It isn't. It's a carry funding currency, which gets bought when carry reverses on risk aversion. I've yet to meet non-Japanese real money which sees red on its screens and runs to JPY.

  • OM

    Omar M.

    25 9 2018 18:49

    0       0

    Interesting and different thought process
    Thx for sharing your thoughts!

  • MC

    Minum C.

    25 9 2018 16:59

    8       0

    Does anyone ever play that guitar in the background? If those are Dimarzio pickups, I'd go long the bridge humbucker and short the neck single coil.

  • RD

    Ravi D.

    25 9 2018 16:42

    0       0

    not a fan

  • N

    Norman .

    25 9 2018 13:44

    10       0

    Up or down 6%? How is that great risk/reward? This segment was frankly pretty lame. I honestly wasn't sure which way he was going on the Yen until the end of the segment.