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The two nations accounted for nearly all the record $40.8bn of net foreign selling.
A nightmare scenario would occur if real rates increased from foreign selling and simultaneous deflation (negative inflation) in the U.S.
The won had plunged 30% against the greenback this year through Friday, as massive foreign sell-offs in the stock market led to a spike in conversions of won into the dollar (See "Korea Looks After Number Won").
The second point the dollar bulls will point out, and it is a good point, is that if foreign selling of dollar assets are so significant, then why are stocks and bonds doing so well?
In Korea, foreign investors sold $29 billion in the first nine months of this year.
Their manager says that 50% of all foreign records sold in Japan are by the Three Degrees.
Foreign automakers sold about 177,000 vehicles in Japan last fiscal year, a small fraction of the 4.7 million cars sold in Japan and the 5.6 million cars the country exported.
Of the trade settled in yuan in the first quarter of this year, 94% was foreign goods sold to China, not Chinese goods sold abroad.
Last year, domestic and foreign companies sold about 11.5 million cars and trucks in the United States, compared with 10.4 million in 2009.
Foreign investors sold their stocks and moved from the Turkish lira to the dollar, forcing the central bank to sell $7 billion in dollars to make up the shortfall.
When a foreign VC sells an investment, each investor of the foreign VC has to file a Canadian tax return even if they don't owe any taxes.
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