BelaOthello

Why Did EUR/JPY Hit a Record High?

Well Ms. Lien, you almost had something. As you can see your prediction of the EURJPY hitting over 175 before the year end couldn't be farther from the reality of it hitting the lows from 2001 at 113.71. The issue is the Yen Carry Trade and someone needs to report this correctly. The solution to stablizing the markets short term is simply devaluing the YEN. Look what happened to the markets after the G7 made a strange remark directed at Japan around Oct. 28th without even a meeting being set. The Dow rallied 900 plus points afterwards.