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Although I support almost every view expressed in your article, I have something to say about "The phenomenon was first witnessed with USD and JPY as the respective central banks raced to cut the rates to near zero. "
Feb 08 16:17 pm
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All Comments by Yokohama Kid »The Currency Conundrum: Is It Another Leg Up for Gold? [View article]
I do not think Bank of Japan had any willingness to cut JPY rate to near zero. I think BOJ rather wanted to maintain the rate at 0.5 since it did not see anything effective in lowering further. However, it just wanted to demonstrate its willingness to harmonize with every other effort to overcome current economic difficulties.