U.S. hiring surge raises likelihood of Fed rate hike

If even the Fed is considering raising the interest rate for the first time in a decade, the US economy must really be improving enough.

US $ is going to jump against most currencies when the rate hike happens. If you one of the high yen lovers, sorry but that looks like a distance dream

The dollar has already jumped. I'd not be surprised to see the dollar sell-off a bit after it finally happens. Rates will still only be 0.25% - 0.375% so unless the economic data keeps coming in very strongly further rate hikes will be slow coming.

But I will sell yen for dollars at such opportune moments, for a long time to come, unless Japan finally gets the medicine it needs.

No need for a rate hike. Prospect of inflation is zero, housing market ain't frothy enough. Deflation is the real risk, so rates need to stay low, maybe forever.

I would still hold foreign currency over dollars, because America can't escape its population crunch unless it brings in more foreign workers. Where I live its at least 3 elderly for every 1 young person and most of the young are immigrants.