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 $$
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…..
9/2011 return +6.70%.
10/2011 return +5.612%.
11/2011 return +4.76375
12/2011 return +.0015%.
MTD Total: +17.0775%.
FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!