Yen carry trade unwind is not done yet, says strategist

Francis Tan of CA Indosuez Wealth Management says the the yen is still undervalued versus the U.S. dollar, adding that he sees more room for further appreciation of the Japanese currency.

[KilgoreTroutAsf]

I only know every time the SP500 is turning bearish, the yen depreciates and the markets bounce back up.