A lot of talk about the BOJ's QE policy and its impact on the yen. USDJPY has been moving inverse with the market, tracking U.S. treasury bond prices and the stock market. If stocks rebound, the yen should rally. It's a question of whether stress come out of the system or builds into a crisis here, and consider that in the context of the market. Japan hasn't deployed weapons yet, and as with the stock market, yen shorts might get squeezed before the bigger leg gets going.

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