Yen Could Spiral Out Of Control: Ex-Soros Adviser

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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 Bank of Japan surprisingly boosted its stimulus further in October….

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports