Friday, October 22, 2010

JPY: Japan, obviously exhausted its limit as the depreciation of currency

For Japan the weekend in Korea will be the opportunity to discuss the mutual influence of US-China mutual "exchange spitting" on the currency and economy. Although the country is sympathetic to the U.S. and, considering China a currency manipulator, Japan clearly has exhausted its limit as the currency depreciation in the currency conflict. Will be extremely difficult to see anything useful after the meetings this weekend, besides, there really is evidence that both sides only entrenched in their views, which may make traders even more to reduce the dollar next week.

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