The Yen has rarely been as cheap as now at about 112 to USD
Last time it was this cheap was 1982-1985 and followed by the September 1985 Plaza Accord it then rallied approximately 50% in 3 years
Could BoJ QT deliver the same this time? Ending ZIRP/ QT has so far rallied the USD to rarely seen high levels
We
also have a similar 3-4 year topping process as last time - since 2012
BoJ QE sank the Yen from late 2012 to 2015 and since 2015 its been range
bound/ slightly strengthened
BoJ QT will rally it
If it goes to an all time high then say 55-65 USDJPY in 30-36 months is in play
What happens to JPYCNH? first stop 7.5c/ 2012 levels, then what?
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