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Time Again To Trade The Collapse Of The Yen
Those who have tried shorting the yen (FXY) over the past few years, and I include myself in this category, have not had good results: Since July of 2007, the yen has appreciated over 34% against the U.S. dollar. The chart below illustrates. However, the case that the yen is overvalued and due for a monumental correction is only growing stronger, in my opinion. The rationale is simple: Japan's debt problem is perhaps the biggest in the world - bigger than the eurozone, the U.K., and the U.S. The infographic below, courtesy of Glassman Wealth, illustrates. (Click to enlarge) To further put things in perspective, Japan ... (full story)
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