"Keeping yields at zero for too long could draw US complaints that the BoJ is focusing more on the Yen's exchange rate rather than inflation. The US may not say directly the BoJ is resorting to currency manipulation, but could signal as such. The BoJ should be mindful that at some point, the US Treasury could argue that it's using its ultra-easy monetary policy to keep the Yen weak."
Gold Price News
Gold Investing In Depth
Gold Investment Analysis
GARY DORSCH is editor of the Global Money Trends newsletter. He worked as chief financial futures analyst for three clearing firms on the trading floor of the Chicago Mercantile Exchange before moving to the US and foreign equities trading desk of Charles Schwab and Co.
There he traded across 45 different exchanges, including Australia, Canada, Japan, Hong Kong, the Eurozone, London, Toronto, South Africa, Mexico and New Zealand. With extensive experience of forex, US high grade and corporate junk bonds, foreign government bonds, gold stocks, ADRs, a wide range of US equities and options as well as Canadian oil trusts, he wrote from 2000 to Sept. '05 a weekly newsletter, Foreign Currency Trends, for Charles Schwab's Global Investment department.
See the full archive of Gary Dorsch.
Please Note: All articles published here are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it. Please review our Terms & Conditions for accessing Gold News, RSS links are shown there.