EUR/JPY is now well below 100, and lowest level in over 10 years. If this bearish run continues, intervention from BOJ is inveitable #fx $$
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The US Administrations displeasure with Japan’s intervention, the agreement between China and Japan for direct trade between their currencies, has made me look at a worst case scenario for dollar/yen. Since there is precedence for a huge dollar devaluation-Plaza Accords-1985, or it is possible that we are in the midst of one…I have no idea but is it possible for a devaluation against the Asian rim currencies…..
macro-man
9/2011 return +6.70%.
10/2011 return +5.612%.
11/2011 return +4.76375
12/2011 return +.0015%.
MTD Total: +17.0775%.
non-annualized
NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!
