WallStForMainSt: This Week in Charts Episode 61: Fed Hikes Causing Enormous Problems For Japan & the Yen
This Week in Charts Episode 61:
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Aaron talks about a summer short covering rally in US stocks and how interest rate hikes may be ending soon. Japan and their currency, the Japanese Yen, are also experiencing a lot of pain right now (Yen may go to 150 against the US Dollar over the next few months) because of the Fed rate hikes and high commodities prices.
The Yen is around a 25 year low to the US Dollar on foreign currency exchange markets.
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