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The Greatest Rotation: JPY Collapses To 30 Year Low Against CHF

Tyler Durden's picture





 

Wondering where all those JPY are going? Wonder no more... (and note the "deja vu")

 

 

Chart: Bloomberg

 


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Fri, 12/13/2013 - 18:00 | Link to Comment The Heart
The Heart's picture

Timmmmmbbeeeerrrrrrrrrrr!

Fri, 12/13/2013 - 18:01 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Japan is white star supernova.

That's the stage planets heat up to before spontaneously combusting, and usually about the point that Paul Krugman praises their planetary economic policy.

Fri, 12/13/2013 - 18:05 | Link to Comment WayBehind
WayBehind's picture

USD to follow suit ... soon to be worthless

Fri, 12/13/2013 - 18:14 | Link to Comment negative rates
negative rates's picture

Well 30 years ago you could get 200 yen for a dollar, then the japs kicked our but with cars and entertainment and they havn't looked back since.

Fri, 12/13/2013 - 18:47 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

Mrs. Hildebrand is hedging her art gallery sales again.

Fri, 12/13/2013 - 20:39 | Link to Comment SafelyGraze
SafelyGraze's picture

BTFBT

Fri, 12/13/2013 - 20:45 | Link to Comment SafelyGraze
SafelyGraze's picture

BTF Bear Trap

Fri, 12/13/2013 - 21:48 | Link to Comment mick_richfield
mick_richfield's picture

Never explain.

Fri, 12/13/2013 - 21:51 | Link to Comment mick_richfield
mick_richfield's picture

What I mean is -- if you explain your post, then you take the fun out of it for people who "got it", while the people who didn't "get it" still don't really care.  So, it's better not to explain. 

Sat, 12/14/2013 - 21:06 | Link to Comment TheReplacement
TheReplacement's picture

Could you explain that?

Fri, 12/13/2013 - 20:27 | Link to Comment dhussey
dhussey's picture

Is that why the USDJPY hit a new 2013 high? not sure you understand how trading, the JPY crosses, or the carry trade work...

 

Next...

Fri, 12/13/2013 - 18:14 | Link to Comment Steverino
Steverino's picture

ya.. the Japanese dbasement debacle is gonna be spectacular.

Fri, 12/13/2013 - 19:45 | Link to Comment max2205
max2205's picture

2000 2009 devaluation must have been 100%

Fri, 12/13/2013 - 18:05 | Link to Comment ZerOhead
ZerOhead's picture

Sayonara suckers.... enjoy your new imported goods inflation on Swiss chocolate courtesy of the BOJ !

Fri, 12/13/2013 - 17:59 | Link to Comment Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Japan is toast. Between demographics and debt levels. It is over folks.

Fri, 12/13/2013 - 18:06 | Link to Comment sixsigma cygnus...
sixsigma cygnusatratus's picture

Yep.  Soon we'll just call it's currency Jam for short.

Fri, 12/13/2013 - 18:09 | Link to Comment Stoploss
Stoploss's picture

Irradiated toast.

Fri, 12/13/2013 - 19:03 | Link to Comment TrulyStupid
TrulyStupid's picture

with glow-in-the-dark sashimi...pass the wasabe

Fri, 12/13/2013 - 18:02 | Link to Comment Yen Cross
Yen Cross's picture

        "Shut er down, she's pumping mud!" 

Fri, 12/13/2013 - 21:44 | Link to Comment Diogenes
Diogenes's picture

"sucking wind"

Fri, 12/13/2013 - 18:03 | Link to Comment q99x2
q99x2's picture

If Japan adopted BitCoin as their currency the sun would rise. I wonder if they know this.

Fri, 12/13/2013 - 18:14 | Link to Comment sixsigma cygnus...
sixsigma cygnusatratus's picture

Even more so for Japan, if users in other countries adopted BitCoin as well.  I've always had suspicions about this.

Fri, 12/13/2013 - 19:56 | Link to Comment InjectTheVenom
InjectTheVenom's picture

fonestar just got a raging hard-on from reading your comment !!   boing ! !

Fri, 12/13/2013 - 20:34 | Link to Comment smlbizman
smlbizman's picture

i think you have to click ur heels 3 times and say bitcoin bitcoin bitcoin and he will appear.....im not sure if he is dorthy or beetlejuice

Sat, 12/14/2013 - 05:21 | Link to Comment irishlink
irishlink's picture

If I were Japanese, I would start buying beaten down property in Ireland ,or Portugal . Get the hell out of Japan and away from toxic environment and toxic political relations with China. But the Japanese moral is so low from WW2 defeat,1980"s economic collapse demographic chalanges, and now Fukishima that they seem paralysed and defeated. Abe is not able to lift the Nation out of this .

Sat, 12/14/2013 - 21:09 | Link to Comment TheReplacement
TheReplacement's picture

Next stop, guns and butter.  It'll be great until they all die of cancer or chinese bayonets.

Fri, 12/13/2013 - 18:03 | Link to Comment Big Brother
Big Brother's picture

This is mainly because the CHF is pegged to the EUR. 

As noted elsewhere on the Hedge today, Ms. Watanabe is exchanging Yen for Euro, the Russians, Arabs, and Chinese are buying French and Italian debt; and the Germans are keeping the Euro the least dirty shirt in the Laundry. 

However, the huge shooting star prior to the swiss intervention in August 2011 leads me to believe this milestone would have otherwise been met a lot sooner.

Fri, 12/13/2013 - 18:12 | Link to Comment Pseudo Anonym
Pseudo Anonym's picture

deja vu?  or inverse head and shoulder going up to 160?

Fri, 12/13/2013 - 20:27 | Link to Comment disabledvet
Fri, 12/13/2013 - 18:18 | Link to Comment suteibu
suteibu's picture

Time for a new Plaza Accord.

Cause the first one worked so well for everybody.

Fri, 12/13/2013 - 18:25 | Link to Comment booboo
booboo's picture

War Bitchez

Fri, 12/13/2013 - 18:42 | Link to Comment Rocket De Stock
Rocket De Stock's picture

I'd suggest being very, very careful here as......

 

When hot money out of Japan is repatriated ( when risk comes off ) you'll see that Yen blow the doors off.

 

These charts are "big ol spikes" as with EUR and GBP vs JPY - and will very quickly rip balls.

 

Longer term sure....Japan will be the short of a lifetime - short / mid - get ready to see these things correct hard.

Fri, 12/13/2013 - 19:58 | Link to Comment InjectTheVenom
InjectTheVenom's picture

nope.   no correction yet.    not until i've gotten short it !     ;>)

Fri, 12/13/2013 - 19:51 | Link to Comment ebworthen
ebworthen's picture

Does that mean I should buy a Honda now, or later?

And does it have implications for taking my Gold to Switzerland sewn into a trench coat?

Sat, 12/14/2013 - 13:53 | Link to Comment honestann
honestann's picture

A quote from Abe...

You ain't seen nothing yet!

Mon, 12/16/2013 - 07:24 | Link to Comment leekyuranus
leekyuranus's picture

Insane public spending for the next 7 years to 'build for the Olympics' (do something because this is all we know how to do). THEN mega-crash.

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