Good thinking I like your responce, but I disagree with above statement - Japan would commit harakiri if yen would drop to 60 it will never happen unless collapse of some major currency imo - they will print and buy actually I think we are getting closer to that, about 76 level
thanks but everytime the Yen appreciates the Japanese resists but eventually has no option to accept. in 1985 Western countries forced Japan to value the Japanese Yen upward 100% they resisted at first but eventually accepted. last time in the last year Japanese government has long tried to convince Western countries to intervene in the forex market when it 78 77 but g7 refused . so this what will happen they always would oppose and resist but eventually accept
