Yes, good point on mitigating factor for UJ and GJ down. Domestic economy crushed, export markets imploding, and sitting on one the world's largest stack of foreign exchange reserves. Go figure what they'll do!
Yes, rising Yen is serious, serious stuff for them. But what if Japanese fundies start to seriously consider pulling from US treasuries in size on the prospect of U.S. bank nationalization (gestalt switch in view of US secular outlook).
FX reserves, then, not that big. Mother of all battles possible, re complex bottom (increasing and decreasing volatility with fakeout range breaks). LOL
Yes, rising Yen is serious, serious stuff for them. But what if Japanese fundies start to seriously consider pulling from US treasuries in size on the prospect of U.S. bank nationalization (gestalt switch in view of US secular outlook).
FX reserves, then, not that big. Mother of all battles possible, re complex bottom (increasing and decreasing volatility with fakeout range breaks). LOL