It turns out 2012's move lower in the yen (higher dollar/yen) was less about BOJ policy and more...

|By:, SA News Editor

It turns out 2012's move lower in the yen (higher dollar/yen) was less about BOJ policy and more just another "risk on" play. The yen bottomed right around the time the mild (in the States, not so mild elsewhere) stock sell off began. It's up strongly again today, the dollar at ¥82.10. FXY +0.9%.