Why the Yen Could be a Huge Loser
At our Meet the Street event on Monday evening, I had a spirited discussion with a subscriber who wanted to understand why the Japanese Yen has been so strong for the past few years. He wanted to know if he should buy the yen or sell. My response was that shorting the Japanese yen could be an amazing trade if you have a long time frame and an abundance of patience. It might even be a good trade in the short term.
I've heard many different rationalizations as to why this currency has been such a stalwart performer and there is rarely one single reason behind the performance of such a broad instrument. Japan is often referred to as a safe haven. But the story of the yen's strength boils down to one key element: yield....456 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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