Yen trips past 160-per-dollar, hits lowest levels since April 1990 | The Asahi Shimbun

25 comments

1. Its absolutely insane, and no solid action is being taken.

2. Trader friends tell me they expect 200 to 220 by end of year. Anyone still invested in Japanese yen denominated bonds is a sucker

3. I expect a light beer craze, more cabbage in my gyoza and more breading on my famichiki in the future.

4. Oy

5. Here comes the intervention.

6. People keep taking about an “intervention”, but how could the Japanese government alone make a meaningful and practical intervention to strengthen the yen without destroying the economy or bankrupting the country?

7. Whoa that was a drop

8. Everytime it goes up by 1 yen, it puts a huge smile on my face. Like this is soo good. You just keep your in country yen as it is and bring in small batches of your foreign currency and exchange into big amounts.

   Before someone goes “think about the people who don’t have that”, well companies will raise salaries soon to keep up so then they’ll be able to enjoy it as well. It’s not like japan will end. This country is strong enough to hold on.

9. Foreign tourists and exporter are very happy.

10. Something happened because it’s down to 155

11. Fucking hell. I finally make the trip back to the states for the first time in 6 years and this shit happens.

12. Look at that intervention, I bought soooo much stuff I needed yesterday to lock in at least that 158.30 rate.

13. Honestly this is getting stupid. In 2020 when the yen was staying strong at the start of the pandemic, the government was complaining at USA and UK for letting their currencies drop. But Japan is doing fuck all. Fucking criminal

14. Might just buy a GTR

15. Need to book flight asap

16. “Everything is fine. It’s how it should be”-Bank of Japan

17. I moved to Japan thinking the country opening back up for tourism would help the yen …

18. It is time for Pokenomics, aka gameflation. 👍💯💵📈💴💚⏳🗺🕹🗿

19. “Companies will raise salaries soon enough”. Lol

20. Meanwhile my daughter wants Levi’s and they are now 20,000 yen. They used to be 8000 a year or so ago. I guess I’ll try the outlet mall.

21. Every few days we get a “lowest level since 19##” article and it always reads like a “weeeeeell, we’ve hit rock bottom! How much worse can it possibly get!” *cue rain*.

22. Will it ever going up again?

23. Did it really hit 160 before dropping? XE Currency has it topping out at 159.394165 before it suddenly feel to 155.

24. T T

25. I’m pretty sure Japan didn’t intervene alone.