Currency Devaluations Continue but Who Will Act Next?
Posted: Sun Jan 31, 2016 1:11 pm
This article was written by David Dixon of Viper Wealth Creation.
Japan
Last week saw the Bank of Japan (BOJ) adopt negative interest rates by announcing a charge of 0.1% on some of the funds banks will hold at the central bank. The Japanese have joined the ECB, SNB, Sveridges Riksbank and Danish National Bank in charging to park funds instead of using the money to lend and encourage growth in their respective economies. This means in theory that investors will not want to hold excess euros, Swiss francs, Swedish krona, Danish krona and now Japanese yen so they will sell ... (read more)