Makes a great point:
- Statements of the blindingly obvious rarely have such a big impact on markets. Akira Amari, Japan’s economy minister, on Tuesday said import prices could rise if the yen weakened too much.
- Mr Amari also said it would make sense to appoint a “talented person” to run the Bank of Japan, another non-revelation.
- What mattered was the apparent change of tone.
Yep.
Carry trade strategy not dead but resting (Gated – a news search on the headline may turn up something)