Consequences for Japan

Quote from jedwards:

I don't know anyone who will be willing to travel to Tokyo with this radiation catastrophe.
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I was there last week.

I'll be going again in ~6 weeks.

Life goes on.
 
So, as traders, how can we profit from the crisis in Japan?

Per the Gartman letter, we should be shorting the Yen. And keep the short position for a long time. The Japanese government has no choice but to ease monetary policy and print money. They have to in order to stimulate the economy and keep rebuilding.

The Yen has popped up for the past few days and I'm keeping my eye out on it. I may dabble with one futures contract and see how it goes. But not sure if I want to short it against the dollar or another currency.

Just some food for thought. Any opinions?
 
Quote from Traderham:

So, as traders, how can we profit from the crisis in Japan?

Per the Gartman letter, we should be shorting the Yen. And keep the short position for a long time. The Japanese government has no choice but to ease monetary policy and print money. They have to in order to stimulate the economy and keep rebuilding.

The Yen has popped up for the past few days and I'm keeping my eye out on it. I may dabble with one futures contract and see how it goes. But not sure if I want to short it against the dollar or another currency.

Just some food for thought. Any opinions?
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Does this hold true for all countries that go through a recession?

For example, if the Canadian housing bubble bursts and it affects the banks, will this cause the CAD to drop relative to the USD?
 
Look at JPY strength relative to USD. After bouncing around a bit, JPY is now below 80. JPY shorts must be feeling some pain:

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=3204457f">
 

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