The trash can dollar is back with vigor, marking new annual highs v the Yen. The euro is within an earshot of new 52 week highs as well.
On the surface, this makes no sense, since we’re tightening rates while their trying to devalue their currencies via negative rates. The fact that the opposite of the desired outcome is happening is especially damning for both the ECB and the BOJ, which is likely why markets are on edge this morning.
The yen is up 12% v the dollar in 2016.
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How about that goldman sachs Yen 130 prediction? Clowns