The Currency Moves I’m Paying Close Attention To
We now have extreme divergences in economic performance among the various major economies
In my last write-up I said that it was time for the yen to take a breather and start a corrective cycle. I was expecting a two-to-three percent correction, and the US dollar has responded on cue, having just strengthened by about three percent against the yen. For those of you who like to get in at the very start of major moves, it is now just about time to start buying yen against the US dollar and a variety of other currencies.
