CurrencyShares Japanese Yen Trust (FXY)

endymion701 (75.60) Submitted: 3/24/08 11:07 PM : Start Price: $99.70 FXY Score: 42.30

If the United States kept its current-account deficit below one percent of its total output, and if Japan kept its current-account surplus below two percent of its total output, the books would balance better. Until that situation develops, the balance wheel - the exchange rate - will probably keep slipping against the dollar.

the year-to-date daily correlation between ups and downs in the global stock market versus spreads between the yen and the euro is 93 per cent.

At Japan’s ultra-cheap interest rates, it makes sense to borrow there rather than where interest rates are higher.

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