Things are about to break in Japan. Yen is about to break 150
We knew this was coming as the BoJ told us it was. Probably should have deployed this tool at 140 or 145.
Problem is that it’s too late, especially with strong US hikes coming. It’s like Biden releasing from the SPR, mostly symbolic with zero real life impact.
JPY the historical haven currency is decimated. US getting too strong for its own good given no other easy place to stash cash.
Uncharted territory.