A Crash is Coming (Either in Oil or in Stocks)
By: Graham Summers
Tuesday, 14 March 2017
Oil may have just stopped the Bank of Japan.
The fact is that in late September 2016, the Bank of Japan embarked on a new monetary policy of targeting a yield of 0% on 10-Year Japanese Government bonds.
What this means is that the Bank of Japan will intervene in the market to maintain a 0% yield, and this involves aggressively devaluing the Yen against the $USD. You can see this in the chart below.