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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 396.31-0.6%Dec 31 4:00 PM EST
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To: energyplay who wrote (15526)3/29/2007 2:02:27 AM
From: elmatador   of 218913
 
Buy The Yen Now, says Forbes's James Grant. Let's see if buying JPY is a good business. Sorry! no good business buying the Yen.

Here's why: As soon as the Yen strengthens towards 115 to the dollar, Japanese funds will find it hard to resist the temptation to buy "cheaper" overseas assets -and start bidding down the Yen again. Don't follow James Grant advice.

Message 23378740

And the result:

Yen Falls as Japan's Investors Resume Buying of Overseas Assets

bloomberg.com
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