Currency Markets and the Disaster in Japan
I’ve been receiving questions about this week’s rather dramatic appreciation of the yen. Central banks around the world have been intervening today to prevent further volatility in exchange rates, but that still doesn’t explain exactly why currency traders have been so eager to buy yen this week.
There are rarely easy answers to questions involving exchange rate movements. However, I have shared a few thoughts on the subject over at The Street Light.
OT:
Kash,
You still haven’t responded to my follow up on your previous AB post:
“You haven’t identified the series or table from which you pulled the source data. There are a number of different references tables, interactive tables, and series by which one could pull together such a brief presentation. I need to know which tables or series you used.”
And PJR asked you a question you didn’t answer.