It’s time to start loading up on “cheap” yen. Using options to bet on gains for Japan’s currency is a smart wager for 2019, according to Societe Generale. The dollar rose to about 114 yen Thursday in New York, its strongest since early October, extending its advance after the Federal Reserve left rates unchanged and stayed on course to hike next month. The dollar set a 2018 high of about 114.50 yen on Oct. 4, which the bank cited as an area of technical resistance. “On top of being a good entry point to buy yen, we think investors should consider rising risks of a sharp yen bounce in the medium term,” Olivier Korber, ... (full story)