Japan and the US just intervened together for the first time in decades, and the CEO of one of the world’s largest independent financial advisory organisations says the fallout will hit global portfolios in ways in which few investors are prepared.
The greatest risk to global portfolios from Japan’s currency crisis isn’t the yen, it’s the potential for disruption in the US Treasury market, warns the CEO of financial advisory giant deVere Group, as the Japanese currency sinks to its weakest level against the dollar since 1986.
Soaring US national debt – more than $39 trillion and growing – is the huge issue no one is talking about, but it’s a looming problem that could hit markets, borrowing costs, currencies and confidence across the global financial system.
President Donald Trump has confirmed that he will impose new unilateral tariff rates within the next two weeks. Markets adjusted swiftly. Equity futures dropped, the dollar weakened, and demand surged for safe-haven assets, including gold and US Treasuries. Risk is back in charge.
