The Yen Offers a Lesson in QE

Back on May 20, I wrote a column discussing the yen and the likelihood that its six-month selloff may have ended. The dollar/yen was around 102 at the time. After falling to the 98 handle yesterday, it's just above 100 today. My recommendation on the CurrencyShares Japanese Yen Trust (FXY) has also done nicely: It's up about 3% in that time.

The rationale for being bullish on the yen (short USD/JPY) was that I just didn't see how all these claims of "yen printing" are justified. I gave the example of the "dollar printing" meme that has been so rampant. Despite five years of extraordinary monetary actions from the Federal Reserve and cries of dollar printing, the dollar, as measured by the Dollar Index (DXY) is up, not down....430 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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