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Strategy Video: In True Risk Aversion, Yen Crosses Offer Best Opportunity

Strategy Video: In True Risk Aversion, Yen Crosses Offer Best Opportunity

2015-01-09 22:39:00
John Kicklighter, Chief Strategist
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Talking Points:

• Volatility, unsteady markets and other signs threatening a change in sentiment have grown plentiful

• While there are plenty of havens and 'at-risk' currencies, the Yen crosses provide the best opportunity

• A chase for yield, low returns, a preoccupation with stimulus and multi-year highs make for great setups

Want to develop a more in-depth knowledge on the market and strategies? Check out the DailyFX Trading Guides we have produced on a range of topics.

With investors intensifying their focus on the next move for general sentiment, it is prudent to have a plan for trade opportunities should the bastions of optimism (like the S&P 500) finally collapse. Rather than putting each currency pair through a checklist for its suitability to respond to a risk aversion move, we should consider individual currencies' positions. While all currencies fall somewhere on the 'risky-to-haven' scale; some are not particularly sensitive, are preoccupied with other themes or have already tamed excessive positioning and premium. For sheer opportunity, no major beats the Japanese Yen. However, amongst the crosses, there are some pairings that have more favorable attributes than others. We take a top-down approach to turning a risk aversion scenario into trades in the weekend Strategy Video.

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