From a bigger picture perspective, it’s not hard to see why the yen might be struggling in the current environment. After all, outside of the BOJ, every other major central bank has raised interest rates aggressively over the last year, and even the new head of the BOJ, Kazuo Ueda, shows no signs of changing that any time soon. Likewise, the Japanese economy remains moribund, struggling under the weight of aging demographics, debt overhang, and a lack of innovation. Be that as it may, the yen has shown a strong historical seasonal tendency to rally in the final week of March. The fiscal year ends in Japan ends on ... (full story)