Didier Darcet
18 July 2022

The Mysterious Yen

The Japanese yen is a mystery.

Much like Japan, in fact, the sole region in the world (in our macroeconomic partition) that is both a country and major economic center on its own.

The Japanese yen exhibits two unconventional properties:

  • The only truly antifragile currency.
  • A currency whose price does not go down with its growing amount in circulation, but up.

Why? And how do we trade the mysterious yen?