Monthly Financial Snapshot: June 2024
Well, the yen has fallen to an all-time low (in my lifetime, at least), breaking the 160 barrier. JCB doesn’t seem to care that much as long as the volatility doesn’t get too high. US interest rates remain really high, and Japan is unable to raise its own rates to match, so the yen will continue to bleed. As a result, the USD numbers were basically unchanged, whereas the yen numbers are at an all-time high....