Schroders Shorts JGBs, Pimco Likes Yen in BOJ Game Plan

The video discusses the impact of the YCC move on Japanese markets, highlighting investor strategies such as shorting JGBs and buying yen. It explores the yen's valuation, with UBS suggesting a fair value of 124 over the next 12 months. The role of the BOJ is crucial, as their actions could influence the yen's future. Despite typical currency strengthening with central bank tightening, the yen has shown different behavior, reflecting investor uncertainty about the BOJ's intentions.

In what way has the yen's behavior differed from typical currency movements following central bank policy tightening?

What is the potential outlook for the yen as suggested by the discussion in the text?