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"The Yen Collapse Has Become Disorderly": Look For A Final, Sharp Decline Before It Hits A Floor

From zerohedge.com

The BOJ came, issued the shortest statement in the history of central banks... {chart} ... and left, leaving traders stunned and speechless at the sheer idiocy of the world's most clownish central bank, which has decided to invite currency collapse the same abandon as Zimbabwe, if it means pushing up domestic stonks a little bit more even as hyperinflation is unleashed among Japanese society. And now that the collapse in the yen is making banana republics like Turkey blush, and is making FX managers and traders who are still long the Japanese Dong Lira Yen to the imploding "developed" insolvent, everyone wants to ... (full story)

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  • Category: Fundamental Analysis