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USDJPY... here we go.
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Looks like that trip to Toyko is going to have to wait.
In 1995? I had a customer who loaded up on Yen right at the top.
He was adamant about making the trade.
Having watched usd/jpy for the last 15 years, I believe the title should be "Here we go.... AGAIN!" If you want to trade the yen I suggest a large bottle of aspirin and a glass of scotch, you'll need it.
Thank goodness this is a mid-term election year thus making "all is well" a foregone teleprompter sound-byte: emotion-soaked verbiage will eventually evoke pavlovian electoral reactions.
the Nikkei looks like it is about to break major support as well.
Dead country walking. Put it out of its demographic misery.
...bang...
...thud...
burble, burble, burble...
So, what we know is, the country that deflates fastest has the strongest currency, and the country with the biggest debt deflates faster.
Take note Americanos, this will be our future.