Buy Your Japanese Stock, Hedge Your Yen
Posted on March 05, 2013 at 17:23 PM EST
So you want to buy a Japanese stock, but you can't stand the idea of owning yen, a currency that's been crashing for months. Here are a few ideas for you. Hedge your yen exposure but keep the stock. This allows you to own, say, Tokyo Stock Exchange-listed shares of Toshiba as if they were priced in dollars. Let's say you buy $150,000 worth of Toshiba. You had to convert $150,000 into yen. The easiest way to lay off that exposure is to short the