I’m long the yen at the moment, mainly because there are such huge short positions in the currency - one of the highest short positions that I’ve ever seen. As I mentioned, I’m not particularly optimistic about Japan or the yen in the long term, but for the moment I remain long the yen.
Federal Reserve: This Central Bank Will Self-Destruct "America has had three central banks in our history, the first two disappeared. This one's going to disappear too because they keep taking on huge amounts of debt, they keep leveraging up the balance sheet, they keep making mistake after mistake, they're printing money, it's going to self-destruct before it's over." - in Gold Eagle