The Most Hated Chart In All Of Germany

EURJPY.

For those not familiar with currency-speak, that's the Euro vs. the Japanese Yen.

In case you didn't realize, the euro has been on a mega-tear, and the Japanese yen been getting crushed.

So EURJPY is going vertical. Here's a 5-year chart. Note the big spike in recent months, which has pushed the pair back to levels not seen since 2010.

This means that German exports (as well as other exports) are getting less cost-competitive by the day.

Already you've heard calls from Angela Merkel, Wolfgang Schaeuble, and now various industrial leaders complaining about Japanese monetary policy and the price of the euro.

The big question now is whether ECB acts to break the Euro. The economy is incredibly weak, and now this is making things worse.