Was it a Hail Mary pass from Japanese Prime Minister Abe?

Posted by Jack Crooks - Currency Currents

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Quotable
“Our doubts are traitors and make us lose the good we oft might win by fearing to attempt.”
 
                                                                                                    William Shakespeare
 
Commentary & Analysis
Was it a Hail Mary pass from Japanese Prime Minister Abe?
 
Did you read about the Bank of Japan (BOJ) surprise last night? Let me just say, I was surprised, as I have been expecting the yen to strengthen.
 
This is likely the mother of Hail Mary passes by Prime Minister Abe & Co.  Success or failure of his government hangs in the balance, I suspect.  I’ll explain in a moment.

1414769996456Now back to the BOJ …please click here to view the issue

-Jack Crooks