You can keep buying non-U.S. stocks and ditching the dollar — or you can be smart
Investor Misconceptions: Investors may be misguided in thinking that the recent strong performance of international stocks guarantees similar results in the near future.
Performance Comparison: In the first half of 2025, international stocks outperformed U.S. stocks significantly, with an 18.3% gain compared to 6.3%, marking a notable deviation from historical trends.
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Analyst Views on USDJPY
About the author
Japan Approves Increased Debt, Impacting Global Markets.
Author Background: Desmond Lachman is a senior fellow at the American Enterprise Institute and has held significant roles at the International Monetary Fund and Salomon Smith Barney.
Expertise: He specializes in emerging markets and economic strategy, bringing a wealth of experience to his analyses and commentary.
Japan's 'Takaichi' Trade Surges Following Major Election Victory; Bond Markets Display Tentative Optimism.
Japan's Political Landscape: The ruling Liberal Democrats in Japan achieved a significant victory, providing Prime Minister Sanae Takaichi with the strongest parliamentary majority since World War II.
Investor Confidence: This political success has alleviated some investor concerns regarding Japan's borrowing and spending, which could have impacted U.S. Treasury bond markets.
Takaichi's Resounding Election Victory in Japan: Implications for Global Markets.
Japan's Political Landscape: The ruling Liberal Democrats in Japan achieved a significant victory, providing Prime Minister Sanae Takaichi with the strongest parliamentary majority since World War II.
Investor Confidence: This political outcome has alleviated some investor concerns regarding Japan's borrowing and spending, which could have impacted U.S. Treasury bond markets.
Trump Welcomes Weak Dollar, But Stock Markets Should Stay Cautious.
- Dollar Performance: President Donald Trump claims the dollar is "doing great" despite its ongoing decline.
- Market Reactions: Investors in gold and major S&P 500 companies with foreign earnings may have a different perspective on the dollar's performance.
- White House Stance: The White House appears comfortable with a weaker dollar, which raises concerns in the market.
- Investor Sentiment: The mixed reactions highlight the complexities of currency valuation and its impact on various investment sectors.
Trump's Policies Might Lower Your Mortgage Costs: The Role of Japan's Yen.
U.S. Intervention Speculation: Wall Street is abuzz with speculation regarding the U.S. potentially intervening in Japan's currency market.
Uncertainty of Actions: It remains unclear whether the U.S. Treasury Department has actually taken any concrete actions in this regard.
Reason for Consideration: The article raises questions about why Secretary Scott Bessent would even contemplate such intervention.
Market Reactions: The discussions around this potential intervention are causing notable reactions in the financial markets.
"Strategist Claims 'Great Debasement Trade' Returns as Gold Reaches New Highs"
Gold Price Surge: Gold has reached a new record high, surpassing $4,400 an ounce.
Market Implications: This increase is seen as a sign that the "great debasement trade" is returning, according to strategist Robin Brooks.
Expert Insight: Robin Brooks is a senior economist at the Brookings Institution and has previously served as chief currency strategist at Goldman Sachs.
Economic Context: The surge in gold prices reflects broader economic trends and investor sentiment regarding currency debasement.
Japan Approves Increased Debt, Impacting Global Markets.
Author Background: Desmond Lachman is a senior fellow at the American Enterprise Institute and has held significant roles at the International Monetary Fund and Salomon Smith Barney.
Expertise: He specializes in emerging markets and economic strategy, bringing a wealth of experience to his analyses and commentary.
Japan's 'Takaichi' Trade Surges Following Major Election Victory; Bond Markets Display Tentative Optimism.
Japan's Political Landscape: The ruling Liberal Democrats in Japan achieved a significant victory, providing Prime Minister Sanae Takaichi with the strongest parliamentary majority since World War II.
Investor Confidence: This political success has alleviated some investor concerns regarding Japan's borrowing and spending, which could have impacted U.S. Treasury bond markets.
Takaichi's Resounding Election Victory in Japan: Implications for Global Markets.
Japan's Political Landscape: The ruling Liberal Democrats in Japan achieved a significant victory, providing Prime Minister Sanae Takaichi with the strongest parliamentary majority since World War II.
Investor Confidence: This political outcome has alleviated some investor concerns regarding Japan's borrowing and spending, which could have impacted U.S. Treasury bond markets.
Trump Welcomes Weak Dollar, But Stock Markets Should Stay Cautious.
- Dollar Performance: President Donald Trump claims the dollar is "doing great" despite its ongoing decline.
- Market Reactions: Investors in gold and major S&P 500 companies with foreign earnings may have a different perspective on the dollar's performance.
- White House Stance: The White House appears comfortable with a weaker dollar, which raises concerns in the market.
- Investor Sentiment: The mixed reactions highlight the complexities of currency valuation and its impact on various investment sectors.
Trump's Policies Might Lower Your Mortgage Costs: The Role of Japan's Yen.
U.S. Intervention Speculation: Wall Street is abuzz with speculation regarding the U.S. potentially intervening in Japan's currency market.
Uncertainty of Actions: It remains unclear whether the U.S. Treasury Department has actually taken any concrete actions in this regard.
Reason for Consideration: The article raises questions about why Secretary Scott Bessent would even contemplate such intervention.
Market Reactions: The discussions around this potential intervention are causing notable reactions in the financial markets.
"Strategist Claims 'Great Debasement Trade' Returns as Gold Reaches New Highs"
Gold Price Surge: Gold has reached a new record high, surpassing $4,400 an ounce.
Market Implications: This increase is seen as a sign that the "great debasement trade" is returning, according to strategist Robin Brooks.
Expert Insight: Robin Brooks is a senior economist at the Brookings Institution and has previously served as chief currency strategist at Goldman Sachs.
Economic Context: The surge in gold prices reflects broader economic trends and investor sentiment regarding currency debasement.
