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Train wreck on 19 December 2012
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theprof00 said:

@train wreck
it's actually the opposite. Early this year was a round of easing...which is what set the exchange rates off, but then the euro and us crises impeded any gains so it went back down. This most recent action has been a result of euro and dollar markets genuinely strengthening, no exchange rate actions have been taken yet. Abe was only just elected and none of his measures have been passed yet.

ie; the rally is happening now, and the policies were happening then, not the other way around.

Correct, the market didnt believe that the japanese intervention from earlier in the year would stick or would have any lasting effect so there would be a big pop the day of announce easing, then the yen would strengthen again.  But I am with you on this rally being real.  The Yen has been gaining strenght aganist the dollar for the past 10 years and the last 4ish for the Euro so its good to see Japanese exporters finally get some break.