usd going back to where it should be in the long run
When you looking into the charts, a currency definitely should not grow up right after a presidential election, in this scale.
Japanese YEN crawling slowly back to its real value, which at this point I will expect that to be somewhere around 106~108. Although definitely there will be some rebounds during the process.
Trump is a smart guy, but not that good. Rather, I doubt if there is really a politician can be so much better than the other. And in fact, stronger USD will become an inevitable obstruction to bring jobs back to the US as he promised numerous times in the press. Because this will lower the cost for those global company when they seek for the labour in the other country. I really doubt he likes Strong US dollars and how long can he take it, if dollar keeps going up even 5~10% or so from here.
There are quite a few turmoils happen here and there in the past few years. And remember every time something happens. People tend to go into Japanese yen,because they think Japan is much safer than US and EURO.
Japanese government likes to print money and lower the interest rate. Nonetheless, it has been proven that this is not working at all when the last time USD-JPY hit above 120, people around the world simply enthusiastically jump into YEN when they see similar opportunity.
Japanese YEN crawling slowly back to its real value, which at this point I will expect that to be somewhere around 106~108. Although definitely there will be some rebounds during the process.
Trump is a smart guy, but not that good. Rather, I doubt if there is really a politician can be so much better than the other. And in fact, stronger USD will become an inevitable obstruction to bring jobs back to the US as he promised numerous times in the press. Because this will lower the cost for those global company when they seek for the labour in the other country. I really doubt he likes Strong US dollars and how long can he take it, if dollar keeps going up even 5~10% or so from here.
There are quite a few turmoils happen here and there in the past few years. And remember every time something happens. People tend to go into Japanese yen,because they think Japan is much safer than US and EURO.
Japanese government likes to print money and lower the interest rate. Nonetheless, it has been proven that this is not working at all when the last time USD-JPY hit above 120, people around the world simply enthusiastically jump into YEN when they see similar opportunity.