“Yen strength has eroded the competitiveness of Japan’s exports, and hampered the economy’s ability to sustain its recovery from the 2009 recession,” Byrne said, adding, ” without robust export performance, the strength of the post-earthquake recovery will be jeopardized.” [Yen, Swiss Franc Rally After S&P Downgrade.]
CurrencyShares Japanese Yen Trust
Read the disclaimer; Tom Lydon is a board member of Rydex|SGI.
Tisha Guerrero contributed to this article.