How are you reading the yen story right now?

The yen's story is a three-body problem: the BoJ's path, the Fed's path and the threat of intervention (report).

How are you reading the yen story right now? — central bank rate path diagram
A central bank's policy rate path across recent meetings

Post your read:

  • which of the three forces dominates now
  • how you're positioning around the BoJ
  • what intervention risk does to your stops
How are you reading the yen story right now? — risk-reward diagram
A risk-reward ratio of 1 to 2

Background: the BoJ preview and safe havens.

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