One dollar 100Yen
Yen has now been de-valued by 30% in the past four months from its peak against greenback at 77. This makes their exports cheaper. Their auto, heavy machinery and electronics have worldwide price advantages. Korea joined the Currency War this week with a cut to it's interest rate along with China. This is just hitting US businesses now and they are losing price competitiveness right when things are starting to slow and inventories are high... How do we evaluate the global QE war under this scenario?
Individual American is losing all the saving by inflated asset value.