How Many Times Have You Heard That The Dollar Could Only Go Lower After QE?

Over the past several days, we can’t recall hearing from a single dollar bull, as everyone has been arguing that QE makes for an easy one-way trade.

Well, here’s dollar-yen. Note the bottom was the day after QE was announced.

From FinViz:

chart

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.