Quite a few readers have asked:
“You must be advising Japan again. China is too obvious. You say don’t buy bonds from NY and 2 weeks later they stop. Looks like Japan is following you again.”
We just cannot comment on who is a client or not. As for the trend, yes. The dollar bottomed precisely against the yen after 51.6 months. On the 23 year target two Monthly Bullish Reversals were elected in December. The breakout was right on schedule – 23 years to the month (12/1989 to 12/2012).
http://www.japantimes.co.jp/news/2013/02/10/business/japans-economic-minister-wants-nikkei-to-surge-17-to-13000-by-march/#.URl0pkIRbzL
Yes, the Japanese government is now talking up the markets and they will publicly be given the credit for the turn. The wind has changed so they are no longer “pissing in the wind” so to speak. There is a lot more going on behind the scenes. (more)
