Takeshi Fujimaki, a former advisor to investor George Soros, predicted in a recent interview that once investors see through the Bank of Japan’s camouflage and really get a grip on Japan’s fiscal deficit, the yen will spiral out of control to 200 to the dollar and beyond.
However, the banker turned opposition law maker predicted the dollar will strengthen and recommended holding assets denominated in the U.S. currency.
Yen could drop to 140 next year
As reported by ValueWalk, Soros Fund Management profited from betting against the yen, after the...
This content is exclusively for paying members of Hedge Fund Alpha
Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha
Don’t have an account?
Subscribe now and get 7 days free!
This article is only available for Premium Members
Subscribe today and get :
Insider Strategies and Letters to Shareholders from the Top Hedge Funds
Exclusive Access to coverage of Private, Closed-Door Investor Conferences
Hedge Fund Manager Research Currently Producing 21% – 40% Returns Annually
Don’t have an account?
Subscribe now and get 7 days free!