I think every single trader, newbie or not, tried to take advantage of Japan’s “economic recovery efforts” by shorting the yen in the last 4 months. There were so many opportunities to make good money every time Japan PM, Shinzo Abe, had something to say about his strategy to boost GDP growth.We reached now a point where the world is asking if this chosen strategy, to weaken the yen, is not dangerous for the important economies as USA, China, Europe, and others. We just had a strange statement of G7 saying “nothing” but shortly after an unidentified official said: “The G7 statement was misinterpreted! The G7 is concerned about unilateral guidance on the yen. Japan will be in the spotlight at the G20 in Moscow this weekend.” That’s even stranger if you look at the US Treasury’s Undersecretary for International Affairs, Lael Brainard, that gave the Japanese administration a nod of approval in the way they have been handling their currency situation. Are u confused ? Because this is not everything: I red today an article where I found this: “In private, the US has been pressuring Japan's new government to refrain from mentioning the yen as it attempts to revive growth and end deflatio…
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