Yen Selling May Become an ‘Avalanche,’ – George Soros

by Joe Oliver, Forex Trading-Pips

George Soros recently shared his views on the Japanese Yen in an interview with CNBC.  You can check out the interview here

USDJPY Daily Bars

USDJPY Daily Bars

 

Key takeaways

  • Japanese policy measures are “quite dangerous”
  • If what they are doing gets something started, they may not be able to stop it, the fall (in the yen) may become like an avalanche.
  • The amount of quantitative easing that the BOJ is introducing is the same as in the United States, but Japan is only one-third the size