The Ultimate Contrarian Trade – Short NZD, Long JPY

Options prices have been biased for JPY weakness for a while. Positioning across many segments is drastically short JPY as everyone and their pet giraffe Roger knows that Abe will demolish the JPY with all his anti-diarrheal might. The problem is – everyone knows; and as Morgan Stanley’s position…

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The Ultimate Contrarian Trade – Short NZD, Long JPY

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