...there is no quicker way for the world's global markets to turn from risk off to risk on than the threat or actuality of a Japanese intervention to weaken the risk off yen.
Friday it happened again. Japan unlike the US and ECB, makes no bones about the BoJ targeting the yen. Of course the ECB and US do as well, but lie through their teeth saying they don't.
More negative rates = lower or more negative bond yields = higher stock prices. Yellen says the US isn't a bubble economy, well either she's not too bright or more likely knows she's on a global bucking bronco she can't get off but saying when she does get off everything will be fine...knowing she'll break her neck.