Bill Gross, PIMCO founder and co-chief investment officer, offers his unique worldview together with his insightful economic and market outlook. He brings over four decades of investment experience to his widely followed commentary on issues ranging from global fiscal and economic policy to the state of the world and its constantly evolving markets and economies.
The Yen is now re-testing the Bank Of Japan Intervention Level. I’m now playing this by buying the Inverse ETF YCS. Essentially, I’m making a bet that the Bank Of Japan will not let the Japanese Yen appreciate to far above the previous intervention level. I’m using the Bank Of Japan as a put. There will be extreme pressure to push through this level because of the major threat of the Japanese Bank intervening in markets to suppress the value of the Yen. I’m now long the ETF YCS.