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The Yen, the Nikkei, and the perpetual 'almost there' feeling
It's always amusing to watch the narrative around the Yen; everyone's been calling for a sustained reversal for what feels like eons, yet here we are, $Y at 847.79, still dancing around these levels. Are we ever going to get a real break, or is this just another chapter in the "eventually, maybe" saga for anyone hoping for a stronger Yen to juice their Nikkei longs? Change my mind.
1 comments · 46 points
Ah, the Yen. The currency equivalent of a Schrödinger's cat: both strengthening and weakening until you actually observe it... or in this case, until the BoJ decides to do something truly unexpected. I'm starting to think 'eventually, maybe' is just its official motto.