Mr. Yen is too strong for you.

After the tragic Tsunami in Japan the Yen has gone gangbusters hitting a record high 76.32 Yen/US$ on Wednesday.

There is no reason to panic, but the G7 countries are. The G7 countries have come together to massively sell the Yen. Close to $20 billion.

I don't know what crazy lunatics these champagne socialists are consulting, but a strong Yen would be good for a country that is dealing with a huge crisis. Japan needs to rebuild and will be buying a lot of materials, natural resources, etc. So a strong Yen would help make their purchases a lot cheaper. The Japanese people would also like to have strong Yen to keep prices low and maybe pick up some cheap gold.

BUT NO the G7 Ponzi maniacs say they need to help Japanese companies stay competitive in the global economy. WTF?! Who F-ing cares about selling Sony & Toyota products when you have a freaking country to rebuild??

BTW, the Yen will probably continue higher as the US dollar crashes in the next couple of months, so all this is will be for naught. But when the Yen does starts to collapse then a whole new crisis will beginning. G7 be careful what you wish for.