I have dealt with Japan since ’90 – and this kind of currency move is just not ‘right’ – trade btw the US and Japan is far too established to justify this rapid change. Last time it happened (’95) this quickly there was a massive correction – as you point out – which has whacked Japan’s economy for about 10 years.
Neither country is seeing rapid growth, so is this the results of ‘their’ de-investing in the US, hedging against the dollar, and stocking up on oil futures? Election year issues?
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I have dealt with Japan since ’90 – and this kind of currency move is just not ‘right’ – trade btw the US and Japan is far too established to justify this rapid change. Last time it happened (’95) this quickly there was a massive correction – as you point out – which has whacked Japan’s economy for about 10 years.
Neither country is seeing rapid growth, so is this the results of ‘their’ de-investing in the US, hedging against the dollar, and stocking up on oil futures? Election year issues?