Insight: Easy money has been made in yen

Intervention by the G7 and Bank of Japan to stabilise the yen following the Japanese earthquake means the easy money had now been made trading the yen, says Insight's Dale Thomas.

The group's head of currency suggests investors look instead to Japanese equities for the greatest upside potential as the yen begins to normalise. "The yen has come a long way back now from the lows and the Nikkei is still a long way lower, so if you want to play Japan recovering and the yen tensions declining it might be better to look at the equity market. Most of the sell-off in the yen we are going to see has happened." The currency was heavily impacted by the huge earthquake and tsunami that decimated the city of Sendai and sent markets into freefall. The yen saw a record rise a...