dollar versus yen

Look at the dollar versus yen. It is near 100 now. Perhaps we need to understand what is going on. Dollar is still too expensive. Expect a rise in japanese yen. Oh yes, this is what we see.

japanese yen

Today, japanese yen surges to highest level in 15 years. This prompt their government to take action to weaken yen. What can we now say? Folks, this is an interesting intervention in the currency. US gov complains of an over price yen. People are now no longer buying as many foreign expensive cars. There are less sales of hybrids like the prius. Expect that japan cannot continue its economic expansion.