At the end of March, we warned that the “Yen was At Risk Of “Explosive” Downward Spiral With Kuroda Trapped“… Yen At Risk Of “Explosive” Downward Spiral With Kuroda Trapped… And Why China May Soon Devalue https://t.co/8UbeP36cJL — zerohedge (@zerohedge) March 30, 2022 …. and that, more or less, is what happened with the Japanese currency subsequently suffering the longest stretch of daily losses in history with 13 consecutive days of losses. And absent the occasional short squeeze, it is unlikely that this relentless trend lower in the yen trajectory will change any time soon as it comes at the...
