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IPFS News Link • Stock Market

USDJPY Plunges Again

• Zero Hedge

Liquidity is gone... as another 104.00 run breaks...

1 Comments in Response to

Comment by PureTrust
Entered on:

What??? I'm not sure what the point of the Zero Hedge article is, but the above chart shows that the Japanese Yen is gaining with relation to the dollar. Notice near the top right of the chart the number 105.00. This number means that at that point 1 USD would buy 105 JPY. The 103.50 near the bottom of the chart means that 1 USD would buy only 103.5 JPY. Conversely, at the top of the chart it would take 105 Yen to buy a US dollar, while at the bottom of the chart it would take only 103.5 Yen to buy the same dollar. This means that the Yen is becoming stronger against the dollar. BUT... this whole thing is really pointless. The Dollar/Yen price has been fluctuating in this general area for decades.



www.universityofreason.com/a/29887/KWADzukm