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ParkdaleCapitalManagement

Risk-off FX Positioning

Short
Canadian Dollar / Japanese Yen (FOREXCOM:CADJPY)  
ParkdaleCapitalManagement  
FOREXCOM:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators shot yen jpy CAD CADJPY nafta geopolotics
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trendanalysis chartpattern indicator shot yen jpy cad cadjpy nafta geopolotics
Shorting the CADJPY is such a powerful tool for portfolios in today's market environment. The trade benefits from 3 fronts: (1) NAFTA headwinds for the CAD, (2) Geopolitical risk-off dynamics of the JPY, and (3) Equity underperformance.

Attractive technicals and fundamentals for this trade. Plenty of JPY longs have been liquidated over the past week, but the charts are signaling a reversal.

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