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The world's most popular macro trade pays off, with the yen closing 2012 at its lowest level...

The world's most popular macro trade pays off, with the yen closing 2012 at its lowest level (vs. the dollar) in 2 years. Possibly in the BOJ's playbook: Purchases of overseas bonds. "Foreign countries have no right to lecture us," says finmin Taro Aso, following Tim Geithner expressing his concern over the yen. Does the Treasury Sec. need to be reminded of U.S. policy?
Comments (2)
  • Good old little Timmie, always unaware of his hypocrisy.
    31 Dec 2012, 07:54 AM Reply Like
  • If yen stays low for long, there will be fundamental impact on the global economy. Sure US export will be effected in some way.
    31 Dec 2012, 09:25 AM Reply Like
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