Yen has depreciated by 32% over the past 2 years. As dollar/yen strengthens to over 150, a level unseen since 1990, we are betting on Yen to recover to 110 levela as US Treasury Yields move lower. As Chart 1 illustrates, USD/JPY has moved closely with 2-year US Treasury Yield over the past five years. … Continue reading Yen will Recover as US Yields Move Lower (4 April 2024)