Probably will end the year at 110.
Have seen it rocket from the late 70s to the present 99 level.
Can you imagine if you had bought a standard lot (100,000) of USDJPY back when it was dwelling at 78? Right now you'd be in the GREEN by a nifty USD21K!
Still it's doubtful many people caught the full ride up.
Welcome to the new normal of quantitative easing.
Tuesday, April 09, 2013
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