Tuesday, September 7, 2010

Big Troubles Ahead: Yen Hits 15-Year High, Nears 60-Year High

Big troubles ahead, and not just for Japan. In spite of all the talks last week coming from ther Bank of Japan, the Japanese Yen today has just hit a 15-year high, and... is within half a cent of a 60 year high.

Here's the same chart, inverting the USD with the Yen:

What happened to Japan after 1990 is well known. First stimulus measures were imposed in 1993...

What is more troublesome is that in the U.S. baby boomers are now starting to retire, and with it, a whole less consumption.The U.S. Startts in a much worse position than Japan.

Yen historical prices:

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