The Yen Is Rolling Over
The Japanese yen looks ready to break down, roll over and start a new downtrend. The Bank of Japan has been trying to weaken the yen and re-enter the competitive devaluation "race to the bottom" against the dollar and the euro, and it appears that it will get its wish.
The combination of euro strength and the newly elected Japanese administration looking to implement a new monetary policy should lead to a structural change in the yen. The Japanese are expected to pursue an aggressive quantitative easing policy, which should break the back of any previous yen strength and put the wind at the bears' backs....306 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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