Dennis Gartman, publisher of the Gartman Letter, is also bearish on the Japanese currency. Back in March of this year he stated that, “the yen is doomed fundamentally. Japan just has so many problems, none of which are going to go away anytime soon.” Mr. Gartman has been shorting the yen on the currency markets and has placed trades that effectively allow him to buy gold and agricultural commodities in yen terms. If the yen falls and the price of these other assets rise, then he ought to do very well indeed.
It will take quite a lot of skill to profit from it, but in my assessment the decline of the Japanese yen could be one of the most profitable trades of the decade.