Japan’s new path leads to strong JPY appreciation through higher domestic bond yields & lower US-Japan bond yield differentials
Great Article!
What do you mean by " The problem is that a terrific trade can turn terrible fast if the global recession everyone foresees crystalizes, as JGBs benefit from safe heaven flows and the BoJ would likely goes ballistic."?
Great Article!
What do you mean by " The problem is that a terrific trade can turn terrible fast if the global recession everyone foresees crystalizes, as JGBs benefit from safe heaven flows and the BoJ would likely goes ballistic."?