Buy the Yen ETF (FXY) as a Hedge Against Dollar Weakness

25 days ago

David Hay

"I just say buy the yen. And you can do it very easily if you're saying, well, I don't know how to do that. You can buy the FXY, which is the yen ETF."

David Hay indicates that the US dollar is breaching key support levels and remains overvalued, suggesting that investors should consider buying the yen, preferably via the FXY ETF. He draws on historical precedents, such as the Plaza Accord, to support the notion that a significant devaluation of the dollar relative to the yen could occur, making the yen an attractive trade in risk-off scenarios.

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