Johanes

Asian Heading Crisis Deeper than 1997/1998 by Chinese' Covid-19

FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
The international monetary trend indicates that USDJPY is heading 102.00 and the EURUSD is heading 1.1500. The Japanese investors liquidation from global investment activity may put BoJ powerless to sterilize the JPY and to drive JPY to be stronger than global currencies which will cause global borrowers of JPY to be in "default". It is also predicted that the European investors liquidation from global investment activity may put ECB to be powerless to sterilize the EUR and to drive EUR to be stronger than global currencies which will cause the global borrowers of EUR to be in "default". Substantial capital inflow by the Japanese and European driven by the worsening economic and financial activity due to the Chinese global virus Covid-19 terrorism on economy, finance and humanity will cause the Asian economic and financial activity to be in turbulance and heading for economic and financial crisis.

Asian economic and financial crisis added by the Chinese economic and financial crisis by hitting major economic, financial and trading partners of China. The US sanction on China and the US Hong Kong Act will put Asian financial centers at highest risk with "liquidity dry-up". The collapsing of Hong Kong as one of the Asian financial center by the US Hong Kong Act will aslo impact the Singaporean as the Asian financial center ally of Hong Kong. The decoupling of Chinese Yuan (Remimbi) will add more pressure on the collapse of the Chinese financial system due to Remimbi not agreed and accepted as stable currency and pressured also by the Chinese gold scam scandal. China under estimates the counter attacks before commencing their global virus Covid-19 terrorism for economy, finance and humanity and Chinese territory widening with military tension elsewhere.

Asian borrowers' defaulting by stronger JPY and Remimbi decoupling and the collapse of Hong Kong financial center and the ally Singapore financial center may put Asian to experience economic and financial crisis deeper and longer than 1997/1998.

The FED and global capitalists will continue to energize the economy and finance but at more selective economic and financial partners. Globalization policy was agreed to be "failed". The raising of middle eastern economy and OPEC and non-OPEC member countries found to be associated with the raising of global terrorism, radicalism and intolerances and the raising of Chinese economy found to be associated with global virus Covid-19 terrorism for economy, finance, humanity and global security. Not all ideologies could be living by in harmony to love and peace.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.