-
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)
- Comments
- Comment
- Subscribe
- #1
- Quote
- Apr 24, 2012 2:04pm Apr 24, 2012 2:04pm
-
tunera
- | Commercial User | Joined Sep 2005 | 222 Comments
- #2
- Quote
- Apr 24, 2012 2:11pm Apr 24, 2012 2:11pm
-
JeremyWS
- Joined Oct 2010 | Status: Trader | 28 Comments
- #3
- Quote
- Apr 24, 2012 2:21pm Apr 24, 2012 2:21pm
- Trader#65FF
- | Status: Unregistered Trader
- #4
- Quote
- Apr 24, 2012 2:24pm Apr 24, 2012 2:24pm
-
tunera
- | Commercial User | Joined Sep 2005 | 222 Comments
- #5
- Quote
- Apr 24, 2012 2:41pm Apr 24, 2012 2:41pm
- jaygee
- | Membership Revoked | Joined Jul 2010 | 2713 Comments
- #6
- Quote
- Apr 24, 2012 4:01pm Apr 24, 2012 4:01pm
- Trader#CCC3
- | Status: Unregistered Trader