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Old Feb 11, 2016 | 7:32 am
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gnaget
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Usdjpy 111-112

The currency thread was halted for some reason.

Someone opined recently that JPY was going to "crash" because of negative interest rates and it had fallen to 121 on the news. I tried to explain that it would not cause yen weakness; in fact, it was going to strengthen. Since then the JPY has strengthened by 7-8% vs. the USD. Both US and Japanese stock market weakness will reinforce this trend. If things get really ugly then the JPY will easily strengthen to (far) below 100.

BTW, how much does a liter of regular sell for currently in Japan?
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