What’s happening in Japan?
We have an interesting chart from Goldman Sachs showing the Japanese Trade Balance overlaid with the USD/JPY. The trade balance is reversed and is lagging with 18 months to illustrate the correlation between both. It seems that the yen may weaken in the coming months to restore this correlation.
We have an interesting chart from Goldman Sachs showing the Japanese Trade Balance overlaid with the USD/JPY. The trade balance is reversed and is lagging with 18 months to illustrate the correlation between both. It seems that the yen may weaken in the coming months to restore this correlation.
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