Top Stories
Top Stories
Market Insider

This could be the trade of the decade

U.S. and Japanese flags are displayed at a foreign exchange firm in Tokyo.
Itsuo Inouye | AP

After months of going nowhere, the dollar has started to take off against the yen, and pros say this is just the beginning.

The last time the dollar was this strong against the yen was in the thick of the financial crisis in September 2008.

Diverging policy paths between the Federal Reserve and the Bank of Japan is the trigger for the move, with the U.S. economy strengthening, and the Japanese economy withering. That's raised hopes for the BOJ to ease further, which weakens its currency, and for the Fed to start thinking about tightening or raising interest rates, bullish for the dollar.

So how much farther does this trade have to run?