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It turns out 2012's move lower in the yen (higher dollar/yen) was less about BOJ policy and more...

It turns out 2012's move lower in the yen (higher dollar/yen) was less about BOJ policy and more just another "risk on" play. The yen bottomed right around the time the mild (in the States, not so mild elsewhere) stock sell off began. It's up strongly again today, the dollar at ¥82.10. FXY +0.9%.
Comments (1)
  • WHhhhhat?? Guess the trade defecit and monetary "commitment" didnt affect then, the stock sell off did? ha haha HA
    29 Mar 2012, 09:18 PM Reply Like
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