Investors are eagerly awaiting more easing from the Bank of Japan, but this strategist says the trading opportunity is not so simple.
If you've been selling the yen lately, congratulations. The Japanese currency has been sliding on expectations that the Bank of Japan will ease policy further in another attempt to boost the economy, and the yen recently hit a four-month low against the dollar .
With a Bank of Japan meeting looming at the end of October and a news report that the Bank of Japan may be about to increase its quantitative easing efforts significantly, should you sell the yen now?
Not exactly, says
"If you're short yen, I would stay short into this meeting on October 30," she told CNBC. "If you're not in the trade yet, though, I think it has run quite a bit and I would be more inclined if you don't already have a short yen position to wait a bit."