WE GOT A BLEEDER

Japan has a problem. And I am not talking embarrassing prom date kind of problem. Japan has lost their ability to keep the Yen down, and in doing so, all of Kuroda’s hard work is coming unraveled.

In mid-January when Japan surprised the market with a move to negative rates (Expert Liars), the Yen had an initial small sell off. However, since then, the Ye…