TSX:AX.PR.E - Post by User
Comment by
Frankie10on Aug 07, 2024 6:35am
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Post# 36167068
RE:RE:RE:SELL REITS AND SHORT THE YEN?
RE:RE:RE:SELL REITS AND SHORT THE YEN? As I like to do from time to time - I disagree with DZ. I think it was a great time to short the yen.
Rad - not financial advice - but I short the yen thru my IBKR margin account. I borrow it at 1.5% p.a. and have REITs as collateral, which distribute more than the CAD and JPY interest. I short JPY by buying a JPN stock 100% on margin (thus creating the JPY debt, which I consider a short position). The long side is a JPN company committed to increasing btc per share. So the trade ends up being, BTC/JPY, with a negative carry of 1.5% per year, before factoring in the aforementioned yield on the collateral/REITs. Long live the JPY carry trade.