JPY Devaluing At The Same Rate As TRY Against $
Since April, the JPY has been falling at the same rate as the TRY against the $. This is Alarming, should the trend continue.
This makes this even more interesting, is that the DXY since Trump took office, has dropped almost by the same amount!
What is important to also understand is that the JPY is 145 of the DXY. As such, if the JPY were to strengthen (all else being equal) the DXY would be down even more!
How would that help the "AFFORDABILITY HOAX" if the $ keeps devaluing, requiring more $s to buy the same amount of goods & services?
Now, does it make a bit more sense why Gold & Silver have soared this year?
I hate to keep harping on JPY, but it is important to all traders/investors in all asset classes, not just FX.
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