The document discusses the sensitivity of the Bank of Japan (BoJ) to an appreciating yen compared to other deflationary factors, such as falling energy prices. It highlights the BoJ's focus on nominal growth targets and the challenges of managing the yen's exchange rate. The document also covers the correlation between USD/JPY and US yields, the impact of global economic factors, and market positioning in the yen. It includes data and analysis from Deutsche Bank and Bloomberg Finance LP.
documents/vol00010-efta01459703-pdf.pdf
{"title":"FX Blueprint Forever Young","key_people":["Taisuke Tanaka","Robin Winkler"],"document_date":"2016-01-12","document_type":"other","key_locations":["Tokyo","London"],"key_organizations":["Bank of Japan","Deutsche Bank","Bloomberg Finance LP"]}