By Jeremy Boulton — Jun 29 - 07:25 AM
Yen has collapsed to 50-year low as a result of BOJ policy
USD/JPY collapsed as result of U.S. policy
Both U.S. and Japanese policies are now supporting USD/JPY
To correct losses since 1985 Plaza Accord USD/JPY must reach 147 minimum
To correct losses since 1971 USD/JPY must reach 183 minimum
Specs are severely underestimating USD's potential to rise nL1N2YG0RT
Source:
Refinitiv IFR Research/Market Commentary