With the announcement being made that the Bank of Japan would begin a $1.4 trillion stimulus project over the next two months aimed at boosting Japan's economy and inflating its stock market, the Yen is essentially destined for devaluation. As soon as the news hit, the Yen fell in value relative to other currencies (you can see the USD/JPY pair below). Since late 2012, one of our key global macro themes for 2013 has been #QuadrillYen. The BoJ will continue to print money similar to the Federal Reserve's policy of quantitative easing and the currency will be devalued even further as time goes on. That's the name of the game.