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The Nikkei dives 2.4% and the yen (FXY) strengthens 0.4% as new BOJ Governor Kuroda's...

The Nikkei dives 2.4% and the yen (FXY) strengthens 0.4% as new BOJ Governor Kuroda's ex-colleagues express doubt about his vows to hit a 2% inflation target. Included was the man formerly known as Mr. Yen for his ability to divine (and drive) the currency's moves - Eisuke Sakakibara - saying the inflation rate "will never reach 2% ... the deflation is structural." EWJ -0.6% , DXJ -0.4% premarket.
Comments (2)
  • Tom Guttenberger
    , contributor
    Comments (717) | Send Message
     
    Well, the bond market has doubted it the whole time...
    22 Mar 2013, 09:55 AM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (4092) | Send Message
     
    I would use this opportunity (or any such opportunity) to own more Nikkei and short more Yen for the long-term:

     

    http://seekingalpha.co...
    24 Mar 2013, 05:32 PM Reply Like
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