The Traderszone Network

Published in TZ Latest News 20 November, 2014 by The TZ Newswire Staff

Yen Surges After Japan FinMin Says Speed Of Yen Collapse Has Been Too Fast

First the Japanese central bank proceeds to monetize all new debt issuance and is on route to holding 50% of all 10 Year bond equivalents within 2 years, sending the Yen year plummeting to 7 years lows daily, and then – just like Europe – Japan gets cold feet and realizes that the next steps are USDJPY 145+, meaning a complete collapse of the Japanese economy and a full on FX, if not shooting, war in Asia. So what does Japan’s finance minister Aso do?

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