Here are the charts for the Japanese Yen and Singapore Dollar against a basket of currencies since 1990:
Huw Edwards, a lucky man in many respects
6 hours ago
Wednesday 13 October 2010
Currency Wars: JPY, SGD
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3 comments:
So JPY can get to well over 1.2 by the looks of it. Look at that snap back when the carry trade stops after the bubble burst.
Wish I had been more astute back then and rode that one!
SL, I did ride that one as it happens, my mistake being buying JPY back in 2004. I had to suffer a peak loss of about 20% but I reckoned that the carry trade bubble that was depressing JPY would *pop* sooner or later.
It all came good in late 2008 (via a quick shuffle into AUD, out of which I bailed out a year too soon...).
Talking of currency wars, this commentator is literally talking about economic warfare using currencies. Bit "tinfoil hat" maybe but he makes an interesting case.
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