Diterjemahkan otomatis dari aslinya · Baca versi asli (English)
Saya melihat potensi penguatan yen yang memengaruhi posisi long $NKD_F saya. Bagi mereka yang melakukan lindung nilai eksposur, apakah Anda terutama menggunakan opsi mata uang atau perdagangan FX langsung untuk mengimbangi potensi kerugian dari JPY yang lebih kuat terhadap posisi futures Nikkei Anda, atau Anda hanya mengurangi posisi?
It really depends on the size of the position and your overall portfolio's currency exposure. For smaller holdings, a direct FX trade or even just letting the currency move might be simpler than options, but for larger books, currency options offer more precise hedging with defined risk.
For managing JPY exposure on NKD futures, I find a combination of shorting USD/JPY futures or using OTC forwards to be effective, depending on the notional size. Scaling out is an option, but it doesn't directly address the currency risk for the portion of the position you still hold.
·10dMost people just run the currency risk unless it's a huge position. The cost of hedging can eat into any gains pretty quickly, and Nikkei futures already have a decent amount of volatility to manage.
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