Strategist: Where the Yen Is Headed Now  Japan's Prime Minister
Shinzo Abe Bloomberg | Getty Images Japan's Prime Minister
Shinzo Abe  If you bought the dollar against the yen before
recent elections there, you're probably feeling pretty good
right now.  Just don't rest on your laurels, says Jens Nordvig,
global head of FX strategy at Nomura Securities.  Now that the
Bank of Japan has held its long-awaited meeting, and announced
stimulus measures and a higher inflation target, "we may be
running out of catalysts for additional yen weakness in the
short term, and we think it is quite likely that the yen gets
stuck in this range for the time being," Nordvig writes in a
note to clients.  Markets were expecting big stimulus moves from
the Bank of Japan, and they are underwhelmed today. Nordvig
thinks he knows why.  "The BOJ meeting overnight was an
interesting compromise," he says. "On the one hand, it contained
a historical shift to an explicit 2% inflation target and a
shift to open-ended asset purchases. On th