(Bloomberg) Yip Ka-hay, a former SAC Capital Advisors manager now running his own macro hedge fund, is shorting the euro against the Japanese currency.
The euro may slide below $1.08 in the next few months — from above $1.13 now — amid a potential Greek default and exit from the European currency, he said. The yen will likely trade between 121 and 125 to the dollar ahead of another round of quantitative easing from the Bank of Japan toward the end of the year, he said.
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