Banks are betting EVERYTHING on collapse of Japanese economy!!!!
https://www.reddit.com/r/Superstonk/comments/xv07up/jane_street_has_its_entire_portfolio_on_short/?utm_medium=android_app&utm_source=share
https://www.reddit.com/r/japan/comments/xv4lun/jane_streets_entire_portfolio_is_short_on_japan/
2 comments
Have you checked the foreign exchange rates between usd and jpy lately? Have you been following the news? What is there to be surprised about?
It’s not “banks”, it’s just one of the many trading firms, it’s also not their entire portfolio and they are only shorting companies focusing on the domestic market.
They are not betting on the collapse of the Japanese economy, they are betting on the fact that companies focusing on the domestic market rely on imports rather than exports and will thus suffer from the falling yen (and rising oil prices), making them good shorting candidates.