If the Jap. retail sector is short the yen, yet the population has just elected a new-party govt. for the first time in umpteen years, then they should really be bullish JPY. They are wrongfooting themselves.
New govt. should imply bullish yen, for whatever reason. It doesn't really matter for what economic reason.
Crosses should go down....
New govt. should imply bullish yen, for whatever reason. It doesn't really matter for what economic reason.
Crosses should go down....