Unsettled balance arbitrage trading is negative and the difference is the biggest negative numbers in the history.
Buy any dips. opportunities may come with ECB, FRB and BOJ rate decisions.
We will witness the move like 2012 and 2017 going forward.
keep buying dip
short cover will prevail and this will go up until the unsettled balance of arbitrage buying balance hits around 2.0 trillion Yen. Currently below 0.4trillion Yen which is the same level of 2009 and 2016 low.
too many short positions left with little long