It's at historic lows on 20 year chart. Once it starts going up. Japan will benefit a lot. It may hurt exporters here as it is hurting Japan's exporters right now who are warning Japanese govt that they will outsource their manufacturing business because JPY is so high in Dollar terms. Some Japanese exporters have already started opening manufacturing shops outside of Japan.
When usd/jpy will be less than 70. I expect Japan to come up with very big yen intervention. Usd/Jpy will sky rocket to atleast 2000 pips from there.
I am currently short Usd/Jpy and will take profits around 77.8 and will short more if it goes above 80.6 area.
This is not an investment advice. This is just my global market view and I will trade FXY or YCS or Usd/Jpy
