Sunday, September 19, 2010

The importance of options: no need to BRIC it (part deux)

Liam Halligan comments on currency games in Japan. The Japanese have been trying to reduce the overblown value of their currency to help exporters. The reason it has strengthened is because currency investors wanted to find a currency outside the Euro or Dollar in which to hedge. The upside of the strengthening might be the ability of Japanese firms to make investments abroad. It is an old game which is being played with a new intensity in the modern era. 

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