My call on yen has been almost prophetic. Yen has
depreciated by 10% since my last post on 26th
October 2012, I think Yen has turned the corner and after two decades of continuous
appreciation has started to depreciate. In
one year we may see Yen trading at 100 to USD although it will go through
violent pull backs and long consolidation periods.
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| Yen |
Similarly Nikkei has appreciated
15.5% from sub 9000 levels and had made a high of 10400 since my call on November
16th 2012. Just like yen I think Nikkei has also turned the
corner and will see robust appreciation in years to come.
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| Nikkei |
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