Guillaume's blog » DJIA http://lebleu.org/blog Thoughts on the future of money Tue, 16 Jun 2015 08:19:39 +0000 en-US hourly 1 https://wordpress.org/?v=4.1.42 Beating AAPL and DJIA with the Yen http://lebleu.org/blog/2007/08/14/beating-aapl-and-djia-with-the-yen/ http://lebleu.org/blog/2007/08/14/beating-aapl-and-djia-with-the-yen/#comments Wed, 15 Aug 2007 01:39:17 +0000 http://lebleu.org/blog/?p=13 Continue reading Beating AAPL and DJIA with the Yen]]> Since I last recommended investing in the Yen, FXY, an ETF that tracks the Yen, has increased by 4.58%, primarily driven by the unwinding of the carry-trade. Bloomberg noted that the Yen is now at its 4-month high. The Yen has broken the support level of 118 Yen for 1 USD.

I have restored my long position this morning, expecting a slide of the market indexes today in light of the PPI release and a further slide tomorrow after the release of the CPI, which I expect to be slightly higher than expectations.

In comparison, AAPL has increased by only 3.66% in the same time frame, and the Dow Jones Industrial Average has decreased by 4.28%.

I think I know now which currency Warren Buffet has been betting on.

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