The "massacre" of the Yen continues and the Nikkei resumes its acsent. The BOJ continues to pump more stimulus into their economy just like the Federal Reserve (US) did for years since 2008. Inflation target 2%. I am not an economist but I think this move is not endless and irrevesible. We will go long on the JPY at critical support levels. What goes up, eventually comes down and what more, for a safe-haven currency like the Yen, it is worth the risk.
Posted on: Fri, 28 Jun 2013 23:53:34 +0000
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