Let’s start off with the negatives: 1) GDP was a bit light compared to expectations, 2) the Fed extended ZIRP to 2014, 3) market volume/liquidity sucks. We can all pretend that the Fed decision represents an unabashed greenlight to buy risk assets, but the truth is that ZIRP still represents a big unknown that will most likely end in tears…
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The problems facing Japan have been building up for some time. And I don’t believe the coming negative impact on its currency can be delayed much longer.
Earlier this week I gave my World Currency Trader members two powerful reasons why. In today’s column, I’d like to share those with you:
Reason #1—
Japan just recorded its first
current account
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