Yen to the Rescue?

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Much of the recent weakness in equities (particularly Japanese equities) can be attributed to a weakening dollar vis a vis the Japanese Yen. Looking at this cross-rate, it seems poised to strengthen which, as much as I hate to say it, could certainly provide some meaningful relief to equity bulls. Of course, the Fed minutes (released two hours after the close today) will probably provide the most important direction, short-term.