Japanese Yen

Japan's crippling debt rather than official interventions dictates a change in trend for the Yen in the future. Leveraged money will likely lead the change but does not have to pinpoint the exact high.

Japanese Yen (FXY) and Yen Diffusion Index (DI)


Headline: Yen action sets scene for carry trade’s return

The billions of dollars in yen sold by the world’s most powerful central banks have sent a strong message to speculative investors. Those daring to bet that the Japanese currency will again test Y76.25, the record high against the dollar it hit last week before the G7’s intervention, better have deep pockets.

Source: ft.com