Japan was not a good place for Americans to be last week, and Europe was not much better. The bruised and battered buck was staggering through another glassy-eyed performance of its Incredible Shrinking Act; and when the curtain dropped at week's end, the star performer looked more frazzled and anemic than ever.
This time, the worst drubbing came in Japan, where the dollar opened the week at 200.1 yen and was instantly engulfed in a tidal wave of selling hysteria. Though the Bank of Japan spent a remarkable $400 million in official reserves...
To continue reading:
or
Log-In
