Friday, May 4, 2012

Yen Up, More Money To Make When It Goes Down

Time for my periodic check on the Japanese Yen.  A few weeks back I thought a head and shoulders could be forming and the exchange rate would go down (implying strength against the US Dollar).  Below is the chart which seems to suggest that I might have been on to something.  As an added bonus, in Marc Faber's newest monthly piece, he also calls for a bullish move in the Yen (it's nice to have smart people agree with you on occasion).

at
Labels: ,

Broken Money

The subtitle is Why Our Financial System is Failing Us and How We Can Make it Better , and the author is Lyn Alden (2023). I feel like I hav...

  • Post Mortem
    When I told my son last night that KD and Kyrie were heading to Brooklyn, he said "I hate the Nets" and stormed out of the room.  ...
  • More Perspective
    Apropos the book that I just finished, I re-visited an interview from September with Kyle Bass, where he examines many of the same themes ...
  • More to Consider
    For a while I have suggested that the low (actually zero) interest rate policy out of the Fed would have consequences. Courtesy of Eric Spro...