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Abenomics Frenzy

|Includes:CurrencyShares Japanese Yen Trust ETF (FXY), YCL, YCS

Japan's Nikkei soared 4% to 13,225.62 today, its highest level since August of 2008, on news that the Bank of Japan announced it would double Japan's money supply through significant quantitative easing. Considering that this will lead to inflation in a country dependent on a weak economy and plagued by more than a decade of deflation, this should feed a market hungry for monetary stimulus for now.

The short-yen trade continues to pay off.

Stocks: FXY, YCS, YCL