Curry’s outlook on USD/JPY came just a day after Prime Minister Shinzo Abe said “Clearly, Japan is now a Buy,” regarding Japanese stocks and less than two weeks after the country was awarded the 2020 Summer Olympics.
In other potentially good news for yen bears and DXJ bulls, Bank of Japan Board Member Takahide Kiuchi said earlier this week BoJ could expand its yen-depressing quantitative easing program.
WisdomTree Japan Hedged Equity Fund
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of DXJ.