EFTA01479707Set 10
2014-11-204p943w
dips.
Speculators should find repeatedly entering JPY-shorts to be an effective
strategy.
6) Abenomics: If the US economy were weak, then yen depreciation and rising
stocks could ... called Abenomics' policies, and Abenomics would be a
disappointment. However, if a strong US economy facilitates a rising USD/JPY
and outperformance by Japanese stocks, then Abenomics should somewhat
reinforce sentiment ... will shuffle his cabinet in September, and appears resolved to continue
implementing a revamped Abenomics.
7) BoJ's quantitative and qualitative monetary easing: If the JPY
depreciates and stocks rise
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01479707.pdf
EFTA01190517Set 9
2014-09-024p1,046w
dips. Speculators should find repeatedly entering JPY-shorts to be an effective
strategy.
6) Abenomics: If the US economy were weak, then yen depreciation and rising stocks could ... called Abenomics'
policies, and Abenomics would be a disappointment. However, if a strong US economy facilitates a rising USD/JPY and
outperformance by Japanese stocks, then Abenomics should somewhat reinforce sentiment ... will shuffle his cabinet in September, and appears resolved to continue implementing a
revamped Abenomics.
7) BoJ's quantitative and qualitative monetary easing: If the JPY depreciates and stocks rise
https://www.justice.gov/epstein/files/DataSet%209/EFTA01190517.pdf
EFTA01479711Set 10
2014-11-204p953w
dips. Speculators
should find repeatedly entering JPY-shorts to be an effective strategy.
6) Abenomics: If the US economy were weak, then yen depreciation and rising
stocks could ... called Abenomics' policies, and Abenomics would be a
disappointment. However, if a strong US economy facilitates a rising USD/JPY
and outperformance by Japanese stocks, then Abenomics should somewhat
reinforce sentiment ... will shuffle his cabinet in September, and appears resolved to continue
implementing a revamped Abenomics.
7) BoJ's quantitative and qualitative monetary easing: If the JPY depreciates
and stocks rise
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01479711.pdf
effective strategy.
6) Abenomics: If the US economy were weak, then yen depreciation and rising stocks could not be called Abenomics'
policies, and Abenomics would be a disappointment. However ... strong US economy facilitates a rising USD/JPY and
outperformance by Japanese stocks, then Abenomics should somewhat reinforce sentiment for JPY depreciation and
rising stocks. Prime Minister Abe will shuffle ... cabinet in September, and appears resolved to continue implementing a
revamped Abenomics.
7) BoJ's quantitative and qualitative monetary easing: If the JPY depreciates and stocks rise then
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01462165.pdf
dips. Speculators
should find repeatedly entering JPY-shorts to be an effective strategy.
6) Abenomics: If the us economy were weak, then yen depreciation and rising
stocks could ... called Abenomics' policies, and Abenomics would be a
disappointment. However, if a strong US economy facilitates a rising USD/JPY
and outperformance by Japanese stocks, then Abenomics should somewhat
reinforce sentiment ... will shuffle his cabinet in September, and appears resolved to continue
implementing a revamped Abenomics.
7) BOJ'S quantitative and qualitative monetary easing: If the JPY depreciates
and stocks rise
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01462168.pdf
EFTA01449242Set 10
2013-05-161p877w
been the scale Swedish disinflation and Norwegian household debt
of the Japan "shock" with Abenomics proving to be issues should lead to central bank biases that support a
the most ... option-
announcements that will reinforce the potency of based trades to express those views.
Abenomics, whether through elections, structural
reforms or monetary policy. Expectations will remain ... channels through which Abenomics will Turning to how our trades performed from January's
influence the direction of the economy. The flow blueprint, it is clear that our weaker
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01449242.pdf
EFTA01461164Set 10
2013-11-181p361w
will be a result of
strength in the US, not a direct result of Abenomics. See what you think.
We still like the USDcJPYp zero-cost one touch (indicative levels ... surprisingly solid US payroll data, the rate has climbed again to the $100 level.
Abenomics would be a secondary factor for the USD/JPY. The yen will not weaken unless ... economy strengthens,
Japanese stock markets will not rally unless the yen weakens, and Abenomics will not succeed unless the yen weakens
and the stock markets rally. Fortunately, we believe
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01461164.pdf
EFTA01141310Set 9
2013-11-195p2,016w
will be a result of
strength in the US, not a direct result of Abenomics. See what you think.
We still like the USDcJPYp zero-cost one touch (indicative levels ... surprisingly solid
US payroll data, the rate has climbed again to the V100 level.
Abenomics would be a secondary factor for the USD/JPY. The yen will not weaken unless ... economy strengthens,
Japanese stock markets will not rally unless the yen weakens, and Abenomics will not succeed unless the yen weakens and
the stock markets rally. Fortunately, we believe
https://www.justice.gov/epstein/files/DataSet%209/EFTA01141310.pdf
EFTA01092124Set 9
5p2,709w
stagnation, Japan is experiencing a fast pace
of growth in the early phases of Abenomics. After a volatile pattern of pre-buying, then payback, due to
the hike ... stagnant equilibrium for two decades. Despite Japan's adverse demographics,
we are optimistic that Abenomics will make some contribution to improving Japanese economic
performance. Japanese deflation in recent years ... result should be an improvement in domestic capital
spending. The "third arrow" of Abenomics is an attempt to reduce some of the growth-hostile rigidities in
the Japanese economy. Change
https://www.justice.gov/epstein/files/DataSet%209/EFTA01092124.pdf
EFTA00976765Set 9
2013-11-217p2,242w
will be a result of strength in the US, not a direct result of Abenomics. See what you think.
We still like the USDcJPYp zero-cost one touch (indicative levels ... surprisingly solid US payroll data, the rate has climbed again to
the ¥100 level.
Abenomics would be a secondary factor for the USD/JPY. The yen will not weaken unless ... economy strengthens, Japanese stock markets will not rally unless the yen weakens, and
Abenomics will not succeed unless the yen weakens and the stock markets rally. Fortunately, we
believe
https://www.justice.gov/epstein/files/DataSet%209/EFTA00976765.pdf
EFTA01141333Set 9
2013-11-216p2,119w
will be a result of strength in the US, not a direct result of Abenomics. See what you think.
We still like the USDcJPYp zero-cost one touch (indicative levels ... surprisingly solid US payroll data, the rate has climbed again to
the ¥100 level.
Abenomics would be a secondary factor for the USD/JPY. The yen will not weaken unless ... economy strengthens, Japanese stock markets will not rally unless the yen weakens, and
Abenomics will not succeed unless the yen weakens and the stock markets rally. Fortunately, we
believe
https://www.justice.gov/epstein/files/DataSet%209/EFTA01141333.pdf
EFTA01451170Set 10
2014-01-091p589w
dollars of yen-selling unwinds (lower chart). -313
02 04 06 08 10 12
Abenomics abound Swot Ditec". Len, bovnterg &woo lP
Conventional market tops are characterized by hubris ... prospects have (WVtrll, cummuletve) fledge demand 70
really been changed by the advent of Abenomics. 20 —1.1931P7 (RHS, inverted)
80
Inevitably there will be bumps along
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01451170.pdf
EFTA01449362Set 10
2013-02-281p457w
rest: Where Next?
The case for yen weakness is straightforward. We expect "Abenomics" to see a more
aggressive BoJ, perhaps using the 1930s as a template for recovery, when currency ... itching to ease policy in part to
weaken the pound, perhaps in response to Abenomics. Outside of BoJ policy, the narrow
basic balance of payments (current account + FDI) points
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01449362.pdf
EFTA01446658Set 10
2014-01-091p589w
dollars of yen-selling unwinds (lower chart). -313
02 04 06 08 10 12
Abenomics abound Swot Ditec". Len, bovnterg &woo lP
Conventional market tops are characterized by hubris ... prospects have (WVtrll, cummuletve) fledge demand 70
really been changed by the advent of Abenomics. 20 —1.1931P7 (RHS, inverted)
80
Inevitably there will be bumps along
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01446658.pdf