Article: Vasileios Gkionakis Telling Clients To Short The Dollar Against The Yen

Vasileios Gkionakis, the man who famously predicted the end of the dollar rally in 2014-15, has taken a contrarian approach to the dollar yen exchange rate. While many are still predicting a strengthening of the dollar in the short to medium term the head of currency research at UniCredit thinks otherwise. With a stoploss limit of ¥115.75 and a target rate of ¥108 from the current ¥113.5 level this is certainly an interesting call. So why is Vasileios Gkionakis turning bearish on the dollar yen exchange rate?

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