Speaking of Japan, we can’t help but wonder whether we’re about to see another big jump in the yen, given that it appears to be hitting the bottom part of a cycle where it’s consistently found support.
As the anti-yen trade is becoming one of the hottest bets around (see: Kyle Bass) there’s a whole lot more pain in store if indeed the currency does jut upwards.
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See Also:
- Japan Dives Lower After Wall Street’s Late-Day Selloff
- Kyle Bass Is So Bearish On Japan, He Financed His Home In Yen
- Credit Suisse: Sovereign Default Risks Aligning To Crush The Japanese Yen