Japan has long spoken about the need to address the nation’s aging population and offer better returns to meet growing pension pay-outs. It is finally addressing the problem, and the yen is falling accordingly.
In my April column, I argued that 108.00 may be a realistic target for the USD/JPY. Since then, the pair has rallied to break above the 100.00 yen level for the first time since April 2009. So what’s next for this aggressive pair?