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The dollar's surge to a three-and-a-half year high against the yen will only go higher, says...

The dollar's surge to a three-and-a-half year high against the yen will only go higher, says Dennis Gartman. He expects it to hit 125 against the yen within the next two years. "I've been short since October," Gartman says. "I really, honestly, see no reason to be anything other than that." The yen has already weakened around 18% against the dollar since mid-November, as Japan's Liberal Democratic Party pledged a more dovish approach to monetary policy to revive the Japanese economy. (Video)
Comments (3)
  • Ted Bear
    , contributor
    Comments (635) | Send Message
     
    Is this the same Gartman who told us that the stock markets were broadcasting a sell signal....because we had a single down day?
    8 Mar 2013, 08:44 PM Reply Like
  • into dark shadows
    , contributor
    Comments (393) | Send Message
     
    Look at the chart of the dollar, say all you will, but the chart is bullish!
    Just one hiccup somewhere, anywhere and this market will come crashing down all around Bernanke and the Fed!
    Then there is NOTHING left for Bernanke to do but pull a Greenspan!
    I was not wrong, the models / indicators were wrong!
    Lord have mercy!
    9 Mar 2013, 12:41 AM Reply Like
  • june1234
    , contributor
    Comments (3209) | Send Message
     
    Usually when any country's rates rise so does it's currency. Then again despite the housing and China growth stories copper has been in a significant downtrend since last fall
    9 Mar 2013, 06:46 AM Reply Like
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