Nothing scientific here, but the yen’s fall may be the end wage deflation in America.

Is it really far fetched to say the yen had strengthened since the dotcom bust because investors moved cash back into treasuries for both Japan and America?  Consequently, a weaker yen may be signaling the thaw taking place in between the Japan-America connection.

 

http://www.reuters.com/article/2012/12/28/us-markets-global-idUSBRE88901C20121228

Yen extends fall, Asian shares capped by U.S. fiscal worry