Whats Ahead for the Yen?
By David Veitch The Bullish and Bearish Outlook for the Japanese Yen. Home of sumos, samurais and sushi, Japan occupies a unique place within world history. Part of this history involves Japan’s ascendency as a centre for international trade and commerce: salarymen, massive conglomerates and innovation serve as some of the defining features of the Japanese economy. In the world of finance, Japan has also played a pivotal role. Take, for example, the development of the first organized exchange with standardized futures contracts in Dojima, circa 1730. Despite its storied past, the Japanese economy has recently struggled to find its footing. The Nikkei Index (comprising of 225 stocks listed on the Tokyo Stock Exchange) is lower today than it was twenty-five years ago. Many market observers decry the state of the economy and offer a bleak outlook going forward. Part of the unique tapestry of the Japanese economy is the Yen. The Yen, often ridiculed for its lack of worth (10 USD is worth a
