I'm in two minds about the Yen/US dollar.Normally, the Japanese...

I'm in two minds about the Yen/US dollar.

Normally, the Japanese are very aggressive in delfating their currency to make exports to USA cheaper.

But now, they need commodities badly, and cheaper. That means a stronger yen and lower US dollar.

This latter need would be at risk to exports. But what is priority: exports, or rebuilding?

I think the market is trying to produce an answer now.