The yen 💴 and RMB, the 30-year government bond yields, intersect for the first time in 22 years!
If we say that in the past 10 years, the yen carry trade and investment brought prosperity in silence, perhaps in the future China is starting to take on this, but this kind of business can only be done by large enterprises! For individuals, this door is not closed yet! When you understand this, you'll realize how brilliant Teacher Pei Peng was two years ago when he encouraged everyone to go out and exchange for US dollars!
This year, overseas investment banks expect China's exchange rate to be 7.6, today it's 7.3! Currencies in Asia-Pacific and Europe are depreciating against the US dollar! Whether it's the recent Russian ruble, the Korean won, or the euro, it's interesting 🤔️ except for the yen, which has some expectations of interest rate hikes and is a bit stronger! This is the Trump effect!
