Why the Yen is set for a fall

Yen spot and futures positions (Sources: ANZ, FT)
Yen spot rate and net futures balance (Sources: ANZ, FT)

The yen has been one of the standout currencies this year, rising more than 10% against the US dollar to ¥108/$. It has slipped in the last few days, but most investors still think that it will strengthen. I don’t. Continue reading “Why the Yen is set for a fall”