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Why is the yen trending higher?
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CT-March 2008-5
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The dollar's recent rally may have been kicked off by a technical situation, but this time the fundamentals are in place for a bigger move.
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Detailed Description
The yen strengthened from 8123 (technically 0.008132), futures basis on June 14, 2007 to 9565 on Jan. 23 (17.8 percent in about six months). It’s not the excellent performance of the Japanese economy behind this move, nor, conversely, the bad performance of the U.S. economy. What’s going on?
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