Placing the Yen's Movements in Historical Perspective
On the 25 year yen chart, we see a consolidation pattern between 1998 and 2008.
But most importantly, the yen had a strong rally starting with the financial crisis and continuing until the fall of last year. Overall, this rally represents an increase relative to the dollar of ~60%. This rally also belies several standard thought process that would indicate a massive debt/GDP ratio (Japan's is now over 200%) and incredibly easy monetary policy would lead to a large drop in the yen's value. Instead, Japan's political stability has led investor's to view the island as a safe haven in a time of extreme danger.
I'm on Linked In and Twitter (@captivelawyer). Silver Oz's Linked In name is @silver_oz. NDD is a fossil and may be reached by etching a picture in stone on the wall of a cave.
The Bonddad Economic History Project
At the beginning of 2012, I decided to start looking at the actual, statistical history of the US economy starting in 1950. The reason is simple: to find out what really happened. So, when you see title of a post that begins with a year such as 1957, followed by "employment" or "Fed policy: you know what it's for. You can also access the information by typing in BE for Bonddad econ and a year to find information on a particular year.
Here is a link to pages that contain links to all the posts on the years listed.