USDJPY Without QE Would Be Much Lower

FX:USDJPY   U.S. Dollar / Japanese Yen
218 0 6
There is plenty of anticipation for a QE upgrade from the BoJ, but it sounds more like hope from speculators rather than concise analysis as to why more stimulus would generate long-elusive economic objectives. Without more stimulus, we may find the Yen crosses start to retreat in earnest. Without the BoJ's QQE program ( Apr             4, 2013) and its subsequent upgrade (Oct 31, 2014), USDJPY             and other Yen crosses may have been much lower than current price.
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