The yen has made a huge move over the past seven months and no one can figure out why. According to every mainstream economic theory, JPY should be soaring not sinking. It’s got the government in Tokyo hollering about currency intervention claiming there is no fundamental reason for the yen’s plight. Except, there is and we just got more confirmation as household spending there utterly plunged in September and October.
Eurodollar University's Money & Macro Analysis
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The most important funding system in the world is flashing warning signals, and almost no one is paying attention.
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https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU
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