Reuters Italia – Investors should sell their U.S. assets, especially the dollar against the yen, as America’s economic and political power is likely to decline this year, a hedge fund manager toldReuters.

David Murrin, chief investment officer at Emergent Asset Management, thinks the dollar’s exchange rate against the yen could fall to 104 within the next 6 months and that after a short pause it will start moving towards 90.

The dollar traded around 114.62 yen on Tuesday.

“The biggest expression of America’s declining power and the ascension of Asia will be seen in dollar/yen,” Murrin said.

“Imbalances in the U.S. economy, which include the current account and the budget deficit, will become impossible to ignore … Japan’s economy is coming out of a 13-year slump, it has only one way to go … Everyone is looking at Japanese stocks.”

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Reuters – Investors should sell their U.S. assets, especially the dollar against the yen, as America’s economic and political power is likely to decline this year, a hedge fund manager told Reuters.

David Murrin, chief investment officer at Emergent Asset Management, thinks the dollar’s exchange rate against the yen could fall to 104 within the next 6 months and that after a short pause it will start moving towards 90.

The dollar traded around 114.62 yen on Tuesday.

“The biggest expression of America’s declining power and the ascension of Asia will be seen in dollar/yen,” Murrin said.

“Imbalances in the U.S. economy, which include the current account and the budget deficit, will become impossible to ignore … Japan’s economy is coming out of a 13-year slump, it has only one way to go … Everyone is looking at Japanese stocks.”

Read Complete Article