JPY is within a whisper of 2018 lows (113.37 per USD,) and a supportive cast of higher sovereign yields and JP equities are firing on all cylinders after Abe is set to start another 3yrs as PM.
Trump’s request to OPEC went unheeded in Algiers. Now, the options market is betting on triple-digit crude with a bearish chart pattern standing in the way. If the pattern fails, the uptrend will likely continue unscathed.
The Japanese Yen is under fundamental pressure on all sides, translating into technical weakness. However, the process looks overdone and a pause is probably coming