Japan's new leaders have committed to pursue aggressive monetary policy to stimulate the economy.
Gundlach believes the means currency debasement. He also believes it means inflation, which is good for stocks
And for three months, Gundlach's trade has been nothing but a huge success.
But Gundlach believes there's a long way to go.
Today, the yen is trading at 96 to the dollar. Gundlach thinks it's heading toward 100 and could go as high as 200.
The Nikkei is at around 12,300. Gundlach thinks it's on its way to 13,000, and he wouldn't be surprised if it books a 3,000-point rally this year.
In a webcast last week, he reiterated his traded and laid out his case in 10 slides charts.