I always use Japan as a response to the ever-present suggestion that what goes down must come back up as it relates to economies and markets. This [1] is a graph of the Nikkei 225 (effectively the Japanese market) dating back to 1949. Keep in mind the scale - that's a logarithmic graph. They were the second largest economy in the world in 1989, with many expecting them to imminently surpass even the United States.

[1] - https://www.macrotrends.net/2593/nikkei-225-index-historical...

Are you planning to go from losing money in crypto to losing money in fx?

Because you are suggesting the classic BoJ widow maker trade, which has killed many a trader.

But who knows maybe you'll be the foolish but lucky one.

Not at all, if anything the BoJ promises to maintain 2% inflation, the strength of their economy isn't even particularly relevant. Its drop in value may have overshot, so it might retreat up a little, but in general I wouldn't expect it to gain much at this point. (Plus, be careful of confusing movements in the yen's exchange rate with a change in value of the USD.)

Japan economic fundamentals are not strong. The government has basically been propping up the economy with free money. Now that free money is driving inflation which is another problem.

Expect a major reset at some point. That's like catching a falling knife when it comes to bets on exchange rates.

The old adage is to buy low and sell high.

https://asia.nikkei.com/Business/Markets/Currencies/Yen-surg...

If it was guaranteed to rise, people would be buying it and the price would have risen. The current price reflects a level of risk that their economy will not recover!