BEST WAY TO EXPRESS BEARISH USD VIEW
Yen calls are dirt cheap, and few like the Yen. Of course the 'tourist loves this trade...
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It’s been a while since I have written about FX, but it’s time.
Let’s start with a recap. In the initial days of the corona crisis, the USD took a quick dip as the market assumed the Federal Reserve would flood the system with USD. However, as the crisis gained in intensity, the USD-shortage-will-overwhelm-the-world bulls took over. Trading desks wer…