You know your money is in danger when the other currencies are worried about how strong theirs is against yours. JAPAN is worried that the YEN is too strong against the DOLLAR. Oh My God. We are screwed. The Chinese are selling treasuries, the Yen is kicking our Dollars ass. The Euro even with it’s problems is still kicking the dollars ass.
Asked whether Japan should intervene in the currency market in the event of a sharp rise in the yen, Kondo said: “The government has already expressed its determination to take all necessary measures. There’s nothing more and nothing less.”
via Japan trade ministry sees dlr/yen at 85 abnormal | Reuters.