Money in Motion

How to Trade the Pre-Thanksgiving Calm

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We've seen some interesting times, to quote the Chinese proverb, for the yen this past week.

The Japanese currency has been buffeted by calls for and aggressive monetary easing, and the prospect of both of those things coming to fruition suggest the yen's challenges may not be over yet.

, chief investment officer at Bessemer Trust, sees yet another reason to trade against the yen.

"The U.S. market closed more stable today. I think that carries through to the Asian session Monday," she told CNBC's Melissa Lee. nvestors are cautiously optimistic that Greece will receive its next tranche of aid in the next several days, she says, and "it's a quiet market next week with Thanksgiving in the U.S."

All that should tamp down risk aversion, Patterson argues. "I think markets can stabilize a little bit," she says, which should help lift the euro relative to the yen.