Train wreck on 19 December 2012
| theprof00 said: @trainwreck ive been following it almost everyday for the last year. after easing, it would gain , then drop a little, then gain a lot, then drop a little, and on and on. Then it started trending back downwards on fears of a euro crisis and more american confusion. The activity we're seeing is unbelievable. Euro is soaring. |
Well there was a fakeout rally this past spring for the Yen (in terms of weakness) but that didnt last as it came back down to 75USD/94EUR over the summe. This move seems to be real as there is now a conserted effort on Japan part to weaken its currency no matter what. With improving numbers for housing in the US, possible fiscal cliff neogatations, and Europe looking more firm on Greece, that strong yen trade is finally coming to an end.
