...the pain trade is coming for Yen carry traders (who borrowed Yen to buy USD denominated assets).
...a swift Yen reversal could cause panic amongst these traders to make them unwind and sell USD denominated assets before the Yen is driven higher in BoJ intervention.
...an unsettling volatile period is coming, which I had cautioned on this thread this weekend.
...and you bought stocks today?
...question is how far will BoJ take it to?
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