Wednesday, August 11, 2010


The Japanese currency Yen is quoting at dangerous levels of 85.3 against USD. My opinion that stock markets are over priced and next the fall could be triggered by Currency crisis. I had written about it some time back.

The level between 83 to 89 is very crucial for Yen. The fall of Yen will trigger a major crisis of exports to Japan manufacturing units and it will have a side effect to other supporting economies.

I reiterate once again, caution is the buzz word. Dont be one sided, that too, long sided.

No comments:

Post a Comment