The Yen is attached to the Knee Bone, so what is the AUD attached to?
I must admit to being confused about the effect of the loosening of the BOJ's money policy on our market this afternoon.
All I know is that my Gold has shot up in price in AUD.
I believe the world's oligarchs and fund houses borrow in Yen because of low interest rates and invest in other things such as stocks and commodities and hope to make a profit with higher returns for a lower cost of borrowing.
Is this all there is to it ?
Perhaps @ducati916 and other members could comment…
