Today's edition of the Saxo Morning Call features the SaxoStrats team discussing the continuing weakness of the US dollar as commodity prices recover ground and in the wake of key US equity indices hitting all-time highs Thursday.
Strategic trade
Trade view / 21 June 2015 at 23:00 GMT

#SaxoStrats: A long trade on Japan's Softbank

Global Macro Strategist / Saxo Bank Group - Singapore Hub
Instrument: 9984:xtks
Price target:
Market price:

Japanese telecommunications firm maintains a stake in Chinese online retailing giant Alibaba that is presently equal to the company's entire market capitalisation. This means, essentially, that investors get the rest of the telcom concern for free.

At present, Softbank is well supported around the 7,000 level and as lagged the broader Topix rally by about 45% over the past 18 months. We remain confident of the Japanese macro story, and are bullish on the USDJPY and long Japanese equities.

Softbank share price:
Create your own charts with Saxo Trader click here to learn more.
Source: Bloomberg, Saxo Bank 

Softbank five-year chart:
Softbank five-year
Source: Google Finance 

Management and risk description

The key risk here is sideways and/or rangebound trading into the year's end.


Entry: 7,150

Stop: 6,750 (minus 5.9%)

Target: 7,800 (plus 8.8%)

Time horizon: End of 2015.

— Edited by Michael McKenna

For more on equities click here.

Non-independent investment research disclaimer applies. Read more


The Saxo Bank Group entities each provide execution-only service and access to permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on or as a result of the use of the Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. When trading through your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of ourtrading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws. Please read our disclaimers:
- Notification on Non-Independent Invetment Research
- Full disclaimer

Check your inbox for a mail from us to fully activate your profile. No mail? Have us re-send your verification mail