Thursday, September 1, 2016

Yen has gotten surprisingly strong

Surprisingly the Yen has become stronger and stronger to the extreme detriment to the Japanese Exports, Japanese economy and Japanese industry. And continues to get stronger. 

If you look at the Dollar versus the Euro there is plenty of resistance for the Euro between 1.11 to 1.14. I cant imagine the Euro can  rally beyond the 1.14 from present levels. The political circumstances in Europe are bad and the economic fundamentals are worse.