Quote from ByLoSellHi:
Here's what I don't get:
Why isn't it depreciating versus the yen?
If there isn't currency manipulation on a massive level in Japan, then I'll pay you 100 yen right now.
true - this is a bit confusing. But effectively what the fed is saying is that if there is any problem they are ready to helicopter in. That takes complacency back into the market making carry trade attractive again. imho
anyway looks like we are on the same page....