Yen Slides By Most Since 2008 as Japan Resumes Intervention; Euro Weakens - Bloomberg
This article points out that the yen and euro are falling once again as major currencies continue their race to the bottom.
The continuous devaluing of the major currencies in unison is one way the major powers disguise inflation from their own populace.
With the Fed now signaling that QE3 is in the wings, the dollar is in the process of joining the yen and euro in their slide, although few will realize it due to its value remaining stable in terms of dollar to yen or dollar to euro.
The one constant to keep an eye on is gold. If you measure the value of currencies or equities in gold, you will get a more accurate reflection of their true value, or lack thereof.
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