You mention carry trading to anybody these days and they will laugh at you but the fact is that many of the JPY crosses are approaching firesale level not seen in almost a decade. It would be too soon to start timing an entry but it is certainly time to start thinking about a possible strategy.
While equities could possibly continue to slump for the next 8 years, it is very possible for the JPY crosses to resume their rise. However, implied volatility must drop and the equity correlation must lowly decouple over time.
Thoughts?
While equities could possibly continue to slump for the next 8 years, it is very possible for the JPY crosses to resume their rise. However, implied volatility must drop and the equity correlation must lowly decouple over time.
Thoughts?