Apple has done a good job timing the market

Nikkei reports that Apple is considering selling a 200B yen-denominated bond as early as next month. There's no talk on duration but it's likely multi-tranch, given their history.

From the sounds of it, some of the money may be used in Japan but some will also be repatriated to the US.

That's only about $1.6B but it signals that corporates are willing to go wherever money is cheapest. Apple made a similar foray into Europe last year and the timing proved to be solid as the euro fell substantially afterwards.