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The G-20's silence on Japan's efforts to devalue the yen has that currency weaker and the Nikkei...

The G-20's silence on Japan's efforts to devalue the yen has that currency weaker and the Nikkei sharply higher in early Tokyo trade. The dollar +0.35% and buying ¥93.84. The Nikkei +1.8%.
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Comments (6)
  • Teutonic Knight
    , contributor
    Comments (2509) | Send Message
     
    Yeah, but as I could recall, the Nikkei was something like 44,000 at its peak in the late 1980's, circa '87.

     

    Down for 25 years, hardly impressive; now only climbing barely above 10,000

     

    Talk about Staflation, they never learned.
    17 Feb 2013, 07:42 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    I did say reload on the short JPY trade a few days ago...this isn't over. Currently USDJPY above 94, heading to 95.
    17 Feb 2013, 09:05 PM Reply Like
  • divinecomedy
    , contributor
    Comments (466) | Send Message
     
    At least 100 before some retracing. I've had a good run with YCS since 82. Good times.
    17 Feb 2013, 09:23 PM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (5397) | Send Message
     
    They have no good choice, but radical debasement is probably the most politically palatable one.
    17 Feb 2013, 10:44 PM Reply Like
  • Closet Iguana
    , contributor
    Comments (159) | Send Message
     
    I know it's been said before but this time it's really going to be different.
    goo.gl/Na0SB

     

    The Japanese are now allowed to open TFSA's which will spur people to buy stocks. The P.M has a target of 25 trillion yen ($268 billion USD). Not sure this current target figure can be achieved but the point is Japan has finally serious about fixing the malaise in the Japanese economy.

     

    They've had 5 leaders in the last 4 years. The Japanese people want results from their leaders or they get tossed. The current P.M has been in office for 1 1/2 months and the markets are up sharply since his election. Now the G20 are saying to Japanese "yes, grow your markets so we can too"

     

    $MFG - Be apart of this or miss out.
    17 Feb 2013, 11:29 PM Reply Like
  • Tom Saga
    , contributor
    Comments (80) | Send Message
     
    Nikkei is up +30% in 3 months, in a good agreement with this forecast:
    http://bit.ly/XfpgkZ
    18 Feb 2013, 03:23 AM Reply Like
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