I observe that currencies seldom go above 1.2 or below 0.8 against the basket, most of them spend most of the time between 0.9 and 1.1. On this basis, the Japanese Yen does look pretty close to the upper limit.
Here are the long and short term charts, click to enlarge:
Thursday, 22 September 2011
JPY looks a bit on the high side as well
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3 comments:
January 1990 didn't look too good. what was happening then?
JH, I don't know. That's shortly after their land price/stock exchange bubble started popping, I think.
Then maybe it's about right now?
AC1
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