I can’t help thinking there are some real opportunities coming in the yen. The currency has been extremely weak for a long time. Against the US dollar it is at lows not seen since before the turn of the century.
We all know what a rotten currency the pound has been. Inflation has eroded a third of its purchasing power since 2020. A third! Against the constant that is gold, it has lost 90% of its purchasing power since 1999.
And yet against the yen, the pound is at seven-year highs, not far off the levels seen before the global financial crisis