US$Yen Prediction

The US$ has rallied strongly since early October from 96.55 and recently achieved a high of 105.39. Fueled by Japanese central bank QE competition with the US Federal Reserve and demand for Yen denominated loans for investment and speculative purposes it appears the run on the US$ may be over or nearly so. Notwithstanding one more surge to 106.50, expect the Yen to regain some of its lost ground to the dollar. In fact we at Emerging Event are looking for a return below the 96.55 level in fairly short order.