Do you remember this from a few weeks (apologies, I’ve put the correct link in now) back, when experience once again showed its value.
He certainly got that call absolutely spot on. I’ve just got off the phone with him and he has mellowed somewhat in his bullishness. He says that there are a lot of big differences between now and 16 years ago and he does not expect USD/JPY to go on a continual ride higher. That said, he feels the new holding range will be 85/90 and that anything below there is gimme. Who am I to argue.
