Is there a 1-2 sentence explanation for why disaster would cause the currency to rise?
“Is there a 1-2 sentence explanation for why disaster would cause the currency to rise?”
I have to confess this mystifies me as well. Quite frankly it makes no sense at all to me, especially in light of the fact that the Bank of Japan just printed the equivalent of two billion U.S. to try and prop up the Japanese stock market, and presumably will keep printing as much as necessary to prevent its collapse until Japanese money is worth less than the paper it’s printed on.