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k98killer
Infranomics
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Comments by "k98killer" (@k98killer) on "" video.
It is a slight pet peeve of mine that FX charts are labeled "US Dollar / Japanese Yen" when the actual rate being shown is the opposite: the number on the chart represents JPY per USD, which in normal mathematical formulations would be JPY/USD. However, since both currencies are supposed to store and transmit value, it is described as a relative measurement of USD vs JPY such that the chart going up indicates USD strength against JPY. I still think it would be less confusing to just label the chart with the actual FX rate rather than the inverse of what it actually shows.
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FX is already pretty confusing. Layering paradoxical price action on top just makes it even more confusing. Iirc, I heard something about this being partially due to hedging costs eating away at the spread when previously foreign investors did not worry about FX hedging since the dollars was in a bull market. (Btw, ignore my earlier comment. I had seen the longer term chart, then looked away from the screen just before the chart changed and thought the description didn't make sense.)
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