Well the USA does have the best economic hitmen. Britian has some good imperialistic training in those matters too.
So who will win the currency war game? Seems like USA and Britain. Yet Japan as a lapdog will be really hurt if their 20% sucess is not allowed to stick. And Europe could blow up, with significant effect all around, if they aren't allowed to decimate their currency. What a tangled web they weave.
It may become a "take turns" pop a mole strategy or end effect.
Keeping my eye on the Yen - looks like 105 is major support - if lost, it could get ugly.
ReplyDeleteYeah watching that too. looks H&S,
ReplyDeletecould lead to alot of risk off
the yen is badly oversold http://midasfinancialmarkets.blogspot.com/2013/01/japanese-yen-ready-to-fly.html
ReplyDeleteand is already breaking out against the British Pound https://twitter.com/marketletters/status/301871190585249792
will the USDJPY pair be soon to reverse as well?
http://4.bp.blogspot.com/-O5Y6gjViNmQ/UQmtdHs6Y9I/AAAAAAAAAr4/hCOYOGwKOVk/s1600/yen.png
physical silver and gold trusts selling at premium to NAV http://3.bp.blogspot.com/-0Rr-QN3yv7w/UR00qwRe2LI/AAAAAAAAmJo/whaBoqsnKb0/s1600/nav.PNG
ReplyDelete