Haymaker's Premium Resources

'The Yen's Dirty Little Secret' - Charles Gave

Hello, Founding Members:

The Japanese yen has been somewhat of a Haymaker embarrassment based on its persistent weakness and our equally persistent endorsement of its longer-term prospects. This short note from Charles Gave indicates it has also cost him some money personally but that he believes its continuing slide is in no small part due to what are effectively margin calls hitting some Japanese institutions, as he explains.