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Forex - USD/JPY weekly outlook: October 21 - 25

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January 25, , pm. Navalny was detained at the airport. He faces a prison term in a trumped-up case. This is a fake fight between Putin and the only opposition in the country. Is the gold being purchased backing the currency or is it merely a playtoy storage device for the top echelon to protect them when the revolution comes?

The fact that I would even ask such a question is what is wrong with the ruble. Oligarchs need to give the money and resources of the "country" back to the country and then we will see the ruble rise IMHO. Going up. Ruble headed back to 50 or below. Russia has a massive budget surplus, more natural resources than any country on the planet, a growing middle class, an inflation hawk heading the Central Bank, large gold reserves, etc, etc.

Reply Replies 4. Time for a major rally in the Ruble! Sanctions or no sanctions, the Ruble is vastly undervalued.