Seeking Alpha

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%.
From other sites
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.


    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:
    18 Feb 2013, 03:23 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs