The euro has been on a tear against the dollar, but this strategist sees a better way to play the common currency.
It's been one thing after another for the euro - and I don't mean to make that sound like a bad thing.
Ever since the European Central Bank announced its bond buying plan, a drumbeat of good news has followed, and when the Federal Reserve committed to QE3, the common currency went soaring.
That's why it has been a great time to be long the euro against the dollar, but if you're thinking of chasing the trade, wait. "I kind of think this dollar selloff theme is coming to an end," says Todd Gordon, co-head of research and trading at Aspen Trading Group.
Instead, Gordon told CNBC's Melissa Lee, "I think the yen is going to become the funding currency."