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A very strong Yen will start the stock market crash in Japan and that will spill over into the rest of the world markets
Peter Oberois
Apr. 24, 2007

The global stock market is poised for a sharp fall – a crash or a mini crash. It is now clear that the higher Japanese Yen will start the stock market crash in Japan and that will spill over into the rest of the world markets.

The yen gained for a second day against the euro, Swiss Frank, and the Australian dollar on speculation the Bank of Japan will this week forecast stronger economic growth, giving policy makers room to raise interest rates.

The Japanese yen advanced against the entire world's 16 most-active currencies as investors reduced so-called carry trades, where they borrow in Japan to buy higher-yielding assets.

Bank of Japan agreed in the last G8 meeting to raise the Yen to a higher level to accommodate European Automakers and US. The rise in Yen is long term and soon will explode on the upside.



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