gold, page-10582

The Yen has been rising because the BOJ has gone soft on its printing press rhetoric.

Just another inexplicable quandary the markets throw up from time to time.

Any sensible reading of the situation would interpret the Japanese jettisoning of the printing press as an admission that they have now tried everything and failed. There is no hope of the Japanese ever reigning in there debt so the bias should be all about a depreciating currency in the long term IMO.

The rest of the mechanics around what is going on with the Yen just beats any logic IMO. Probably to do with the fast money traders always trying to transform short dated money into profits from long dated instruments. In other words just the scam artists at work again.

Eshmun