Loading ...Maddog may have the right idea about the falling Yen and where it’s going, which may cause China to devalue. What’s interesting though is the demand for Chinese bonds is off the charts good. I don’t understand how demand can be so good in the face of a potential devaluation.
How is inflation so tame in Japan as their currency hits 34 year lows?
Despite the crash in the Yen, the dollar is down this am against the Euro and Pound. What happens when the US tries to devalue?
I think these crosscurrents bear watching…or not. 🙂
“…finally marks the day where the market realizes that Japan is following a policy of benign neglect for the yen.”
China’s bond rally seems unstoppable amid a shortage of quality assets for investments. From government bonds to corporate debentures, traders keep hunting for yields in all maturities.