Tuesday, March 11, 2008

Deciphering the USD/JPY - A Credit Turmoil Story?

In a time where the USD continues its roller coaster ride and where analysts and other market sages are effectively predicting the USD/JPY to break 100 anytime soon I think it might be a good idea to have a more reflective look at what is happening to the JPY (the USD/JPY in this case). Of course, exchange rates, like the lord, move in mysterious ways and most empirical studies have grappled with

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