Yen Flies, Dollar Dives

image of japanese notes and US dollar bills

One of the intended consequences of a country adopting a Negative Interest Rate Policy (NIRP) is a sharply lower domestic currency, which usually is considered a positive as it stimulates a region’s growth and inflation expectations. So when, in late January, Bank of Japan (BoJ) Governor Haruhiko Kuroda shocked the markets by introducing negative rates…

Read More

Oil Slips Further

image of oil cranes in sunset

Goldman Sachs 2008 prediction that oil would reach $200 per barrel seems a lifetime ago, with oil currently trading close to multiyear lows. The recent decision to lift Western trading sanctions against Iran which, in turn, will see Iranian crude exports come back to market, has piled even more pressure on an already tumbling oil…

Read More