Not sure whether any one has already commented on the recent JPY/AUD exchange rate movement, here is my take.
Now it is an ideal time for AJA (if it wishes) to hedge its distribution going forward as the current diustribution hedge is running out soon and the current JPY/AUD exchange rate is quite favourable.
If AJA stays unhedged, then a strong JPY is definitely a plus for unit holders. Given the favourable FX movement, i am actually surprised that the share price has not yet gone above 40 cents.
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