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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (99126)	1/6/2008 12:28:38 PM
From: GST	Read Replies (2) \| Respond to of 306849

80 yen to the dollar sounds within the realm of the possible for Japanese exporters -- and that is the gauge used in Tokyo. They would complain about it, but the key exporters have been prepared for this for a long time now. I see no fundamental reason why they yen should not already be at 80. However, given the stubborn and entrenched policies in Tokyo, I have never had the stomach to bet that the yen will be allowed to rise to the level that free markets would set. Maybe the time has come this year -- it would shake up our markets pretty badly.