Analyzing Yen-Sanity Ahead Of Friday’s Trump/Abe Pow-wow

Watch USDJPY. I say it all the time. There is perhaps no better real time referendum on markets. On Thursday, Trump's efforts to hype up his tax reform agenda in comments reportedly made to airline executives triggered a sharp rally for the greenback just before 10 a.m. EST. The gains held. Remember, this is all about rate differentials and on that score, things are made extra interesting by the BoJ's commitment to anchor JGB 10s (yield curve control). When you throw Trump and the whole cur