For now, the yen is winning “the race to the bottom”. A very enlightening comparison to gold. Doesn’t Japan hold a lot of US debt instruments that might be used to prolong the inevitable?
You are correct Mark. They have the ammo to defend the yen. But I'm not sure if they can win the war without 'fixing' their interest rates. Right now I think they haven't settled on a plan of action beyond skirmishing with currency specs
For now, the yen is winning “the race to the bottom”. A very enlightening comparison to gold. Doesn’t Japan hold a lot of US debt instruments that might be used to prolong the inevitable?
You are correct Mark. They have the ammo to defend the yen. But I'm not sure if they can win the war without 'fixing' their interest rates. Right now I think they haven't settled on a plan of action beyond skirmishing with currency specs