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Thread: Discuss the USD/JPY with a DailyFX Analyst

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#1641 (permalink)

08-07-2008, 04:18 PM

John Kicklighter John Kicklighter is offline

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Quote:

Originally Posted by Firewalker

I am thinking that we reached the pivot point at which the US recession is overshadowed by the recessions it has set off abroad. Now the real money piles back into the USD to escape them?

Well, wouldn't you try to find the bargain? If everyone seems to be suffering, it makes sense that the currency with the best potential for returns (the US dollar just turned off a recent record low on a trade weighted basis) is the one that everyone would buy.

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