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Funny world isn't it - BofJ says we want a weaker Yen, therefore...

  1. chookiewookie
    1,380 Posts.
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    17/09/10
    15:53
    Post #: 7211958
    Funny world isn't it - BofJ says we want a weaker Yen, therefore we will sell it and buy USD. Then with all those USDs we will buy all the other currencies, thus in turn helping to push the relative strength of the USD down against ALL major currencies and resulting in more yen strength against the USD. Go figure.

    :)
    Price at posting: 0.0000 Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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