Dollar Continues its Meltdown

Just as we predicted months ago.....

Hang on, Folk, we are in for a very bumpy ride, headed straight for a cliff.

Dollar Lower Against Yen - New York Times:

TOKYO (AP) -- The dollar fell against the yen in Asia Tuesday after an early session rise, retreating after comments by Japan's finance minister seen as signaling tolerance for higher interest rates.

The dollar was trading at 120.34 yen at 2:50 p.m. Tuesday, down from 120.41 yen late Monday in European trading. U.S. markets were closed Monday for Martin Luther King Day.

The euro bought $1.2950, up from $1.2934.

Japanese Finance Minister Koji Omi said Tuesday that he sees no need for the government to ask the Bank of Japan to delay decision on interest rates later this week.

Currency traders interpreted his comments to mean that Tokyo may be more willing than previously thought to let the bank lift its key benchmark interest rate to 0.5 percent from 0.25 percent when the meeting ends Thursday.