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The Greatest Rotation: JPY Collapses To 30 Year Low Against CHF
Wondering where all those JPY are going? Wonder no more... (and note the "deja vu")
Chart: Bloomberg
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Timmmmmbbeeeerrrrrrrrrrr!
Japan is white star supernova.
That's the stage planets heat up to before spontaneously combusting, and usually about the point that Paul Krugman praises their planetary economic policy.
USD to follow suit ... soon to be worthless
Well 30 years ago you could get 200 yen for a dollar, then the japs kicked our but with cars and entertainment and they havn't looked back since.
Mrs. Hildebrand is hedging her art gallery sales again.
BTFBT
BTF Bear Trap
Never explain.
What I mean is -- if you explain your post, then you take the fun out of it for people who "got it", while the people who didn't "get it" still don't really care. So, it's better not to explain.
Could you explain that?
Is that why the USDJPY hit a new 2013 high? not sure you understand how trading, the JPY crosses, or the carry trade work...
Next...
ya.. the Japanese dbasement debacle is gonna be spectacular.
2000 2009 devaluation must have been 100%
Sayonara suckers.... enjoy your new imported goods inflation on Swiss chocolate courtesy of the BOJ !
Japan is toast. Between demographics and debt levels. It is over folks.
Yep. Soon we'll just call it's currency Jam for short.
Irradiated toast.
with glow-in-the-dark sashimi...pass the wasabe
"Shut er down, she's pumping mud!"
"sucking wind"
If Japan adopted BitCoin as their currency the sun would rise. I wonder if they know this.
Even more so for Japan, if users in other countries adopted BitCoin as well. I've always had suspicions about this.
fonestar just got a raging hard-on from reading your comment !! boing ! !
i think you have to click ur heels 3 times and say bitcoin bitcoin bitcoin and he will appear.....im not sure if he is dorthy or beetlejuice
If I were Japanese, I would start buying beaten down property in Ireland ,or Portugal . Get the hell out of Japan and away from toxic environment and toxic political relations with China. But the Japanese moral is so low from WW2 defeat,1980"s economic collapse demographic chalanges, and now Fukishima that they seem paralysed and defeated. Abe is not able to lift the Nation out of this .
Next stop, guns and butter. It'll be great until they all die of cancer or chinese bayonets.
This is mainly because the CHF is pegged to the EUR.
As noted elsewhere on the Hedge today, Ms. Watanabe is exchanging Yen for Euro, the Russians, Arabs, and Chinese are buying French and Italian debt; and the Germans are keeping the Euro the least dirty shirt in the Laundry.
However, the huge shooting star prior to the swiss intervention in August 2011 leads me to believe this milestone would have otherwise been met a lot sooner.
deja vu? or inverse head and shoulder going up to 160?
vuja de. http://www.youtube.com/watch?v=B7LBSDQ14eA
Time for a new Plaza Accord.
Cause the first one worked so well for everybody.
War Bitchez
I'd suggest being very, very careful here as......
When hot money out of Japan is repatriated ( when risk comes off ) you'll see that Yen blow the doors off.
These charts are "big ol spikes" as with EUR and GBP vs JPY - and will very quickly rip balls.
Longer term sure....Japan will be the short of a lifetime - short / mid - get ready to see these things correct hard.
nope. no correction yet. not until i've gotten short it ! ;>)
Does that mean I should buy a Honda now, or later?
And does it have implications for taking my Gold to Switzerland sewn into a trench coat?
A quote from Abe...
You ain't seen nothing yet!
Insane public spending for the next 7 years to 'build for the Olympics' (do something because this is all we know how to do). THEN mega-crash.