Dollar strength strong-arming the Yen and its counterparts does have some merit, but such tail wind is limited. Risk appetite is similarly dubious as only US equities seem to enjoy the drunk optimism that would be extracted from the USD/JPY’s rate of climb. The true source of this move may be something as detrimental as capital flight.
from DailyFX - Forex Market News https://www.dailyfx.com/forex/fundamental/forecast/weekly/jpy/2016/11/27/Yen-Dropping-at-its-Fastest-Pace-in-Two-Decades-But-What-Motivation-are-Bears-Tapping.html?DFXfeeds=forex:fundamental:forecast:weekly:jpy
Yen Dropping at its Fastest Pace in Two Decades But What Motivation are Bears Tapping?
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