| MARKET CONDITIONS |
On Tuesday, we looked at the surprising volatility of your bank account. We saw how the U.S. dollar index is experiencing big, double-digit percentage moves in a matter of months... not years. Our Japanese readers might have read our commentary and said, "Tell me about it!"
Japan is a vital "cog" in the global economic engine. It's also saddled with huge debts and sluggish growth. In an effort to pay those debts and stimulate its economy, newly elected Japanese leaders are devaluing their currency (the yen) like crazy.
Below is a two-year chart displaying the handiwork of the new leaders. Late last year, the Japanese yen index sat at 127. Since Japan has cranked up its printing press, the value of the yen has plunged 23% against the dollar. One might think the "world of money" might be slow and boring... but in today's age of volatility, it's quite the opposite.
Japan is a vital "cog" in the global economic engine. It's also saddled with huge debts and sluggish growth. In an effort to pay those debts and stimulate its economy, newly elected Japanese leaders are devaluing their currency (the yen) like crazy.
Below is a two-year chart displaying the handiwork of the new leaders. Late last year, the Japanese yen index sat at 127. Since Japan has cranked up its printing press, the value of the yen has plunged 23% against the dollar. One might think the "world of money" might be slow and boring... but in today's age of volatility, it's quite the opposite.
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