$USDJPY above 81.00 The fundamentals behind the move are
Thursday, November 15, 2012
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The fundamentals behind the move are...
1. The Japanese economy doesn't have legs under it.
2. The BOJ has committed to targeting a 3% inflation and easing in perpetuity till they reach it.
3. The USD is and will be King going forward as the US leads the global recovery and will likely be the first to tighten monetary policy.
Remember that the market prices in what they speculate for the future ... and not the current situation .
The fundamentals behind the move are...
1. The Japanese economy doesn't have legs under it.
2. The BOJ has committed to targeting a 3% inflation and easing in perpetuity till they reach it.
3. The USD is and will be King going forward as the US leads the global recovery and will likely be the first to tighten monetary policy.
Remember that the market prices in what they speculate for the future ... and not the current situation .
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Forex And Commodities
