For better or worse | TF Metals report

As of this time yesterday, it appeared that the “transportation crisis” had passed. The BoJ assured everyone that there would be no more rate hikes, and judging by the reaction from stocks, everything looked better. But as the day progressed, the USDJPY fell and was wild with it, leaving us to wonder if things have suddenly taken a turn for the worse.

So what is it? Have things gotten worse or better? Honestly, it’s really hard to say. Last night it looked like Japan was ready to roll again and that by morning here in the US the S&P futures would be down over 100 points. But…