Elaine Supkis

Dollar Falls as Stock Rally Tempts the Carry Trade

Culture of Life News here!

Japan's yen is NOT a victim of any sort! How silly is this talk?

Japan's Nikkei celebrates the weak yen! The Bank of Japan demands and creates a weak yen by keeping interest rates far below the real rate of inflation in Japan! Japan even said, last year, the ideal value of the yen would be 120 to the dollar. So far, all their efforts have been towards making the yen cheap!

This is why the yen, alone, didn't rise against the dollar. It fell. To the TREMENDOUS delight of the Japanese exporters!

Commentary like the one by Ms. Cheng is not very sophisticated. Where does Seeking Alpha find these people?