Despite the Bank of Japan's (BoJ) negative rates, the Japanese yen keeps getting stronger. The USD/JPY pair has not moved; neither has inflation. On February 9, the Tokyo Stock Exchange fell sharply, losing some 5.4% of its value. The Nikkei fell 918.86 points under the weight of the banking sector. The TOPIX (index of listed companies on the Tokyo Stock Exchange) dropped 76.08 points. That means 5.51%.
The yen is to blame for the dramatic drop. The JPY is simply too string and no amount of interest rate sorcery can stop it. The yen is one of the safe havens of choice in.
Den vollständigen Artikel lesen ...
The yen is to blame for the dramatic drop. The JPY is simply too string and no amount of interest rate sorcery can stop it. The yen is one of the safe havens of choice in.
Den vollständigen Artikel lesen ...