Dollar dumped; DOLLAR/YEN falls most post World War II level
Currency markets just saw slide of DOLLAR/YEN to lowest level since World war II. Reasons of the fall are still not clear but I see it is because of expectations of QE3/QE4 (as you may conceive it) which lead to breaking of technical support levels. This lead to Dollar/Yen dive below 75.80 level, never seen since WW2.
Here is the chart:
Well time for BOJ to intervene. Japanese exports are already suffering from Yen’s gains in past months. BOJ has said government would intervene soon.