The yen has fallen sharply as the Bank of Japan has been given a new 2 percent inflation target that may well see more yen created. Investors have concluded that the yen will continue to fall. The reverse of that is that other currencies will continue to rise, including the euro.Bundesbank President Jens Wiedmann warned last month about the politicization of the Bank of Japan and of possible unintended consequences to the international monetary system.
ECB's Draghi Assessing Impact Of Strong Euro
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts