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George Liu
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I am the Chief Financial/Economics Columnist of The Daily Political Review, a Monitored Contributor for FOREXPROS, a Seeking Alpha Certified Contributor, as well as a paid blogger for The Motley Fool Blog Network. I also currently serve on the Board of Directors for Ureka Co. Currently, I am... More
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  • How Low Can You Go? 0 comments
    Apr 8, 2013 8:10 PM | about stocks: JYN, FXY, YCS, YCL

    Referring to the devaluation of the yen, of course. On the heels of Thursday's Bank of Japan announcement to achieve 2% inflation in two years by doubling the bank's purchase of bonds and doubling the monetary base, the yen has basically been in a free-fall (benefits Japanese economy through more competitive exports and increased spending due to inflationary expectations). Today, the yen edged closer to the 100USDJPY line, a key resistance level that hasn't been cracked since April 2009. This is a huge spike considering that, a year ago, the yen was in the high 70s low 80s range. Ever since late 2012, the yen has been on a tear, leading shorts to dub it the one-way trade of the year (Soros repeated made $1b off of this trade).

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    Stocks: JYN, FXY, YCS, YCL
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