Despite having to move the goalposts with the range since the fall, our near-to-intermediate term outlook for Japan and the yen hasn’t changed.
Tempting fate, the last time we used – “A quick word from your local sponsor” (see Here), the market did take the 87′ exit ramp – as well as its long U-turn (see Here) higher. Should a swift correction materialize, we would relish the buying opportunity to do the same here with Japan.
As always – Stay Frosty.