We’ve written time and time again about the inverse relationship between the performance of the Japanese yen versus Japan’s equities.1
If I knew what the yen would do ahead of time, I think I’d know exactly how I’d want to tailor my investment in Japan’s equities. Unfortunately, currencies are notoriously difficult to forecast with any accuracy.
The Yen Has Exhibited Massive Swings Followed by Recent Volatility
For definitions of indexes in the chart, visit our glossary.
Where does the U.S. 10-Year Treasury note go from here? Unfortunately, questions like “Will the U.S. get a corporate tax reform plan drafted?” get wrapped into that answer, making it not only an interest rate discussion but also a political discussion—another notoriously difficult realm to forecast.
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