Wednesday, October 7, 2009

Jim Rogers Has a Yen for Yen

Rogers on the Japaneese yen:
I own the yen so I am very pleased to see the yen going higher. Various things are happening in Tokyo and Japan. They are the second largest creditor nation in the world plus their government has given big incentives for people to bring the yen back into Japan. Billions of yen have been invested outside of Japan and now there is good reason for them to bring it back.So you have a new government [in Japan], you have incentives to bring the yen back, you have the carry trade unwinding, there are many reasons for the yen to continue to go higher.

1 comment:

  1. The swiss franc has matched the Yen's performance during the last three months. The Swiss have a smaller float and offers a contra to the asian hype.