This is following the 38-year low of 162 set in August.
Recent strengthening of the yen is mainly due to expectations of US rate cuts and further Japanese rises.
BOJ will hold another two-day policy meeting from Thursday, although conversely the recent strengthening of the yen may make an interest rate rise less likely for now.
by Bob_the_blacksmith
13 comments
Cheaper housing?
Forex traders must be on a rollercoaster. 139 to 162 and back again? Crazy times for the yen.
Go go yen!! Pls go back to 110 yen to 1 dollar
I get paid in usd, the party is almost over. 139 is still good though.
Always get folks asking is the yen going to go back up or down,
Obviously we aren`t fortune-tellers here, could go anyway,
but what factors could now lead or possibly cause the Yen recovering back to the 130 Level?
OK so can we have cheaper imported tech product prices now?
LET’S FUCKING GO
cue to the incoming “will the yen reach 100/dollar this year?” and the “should I wait for the yen to go back 150/dollar before transferring my life savings?” posts 😀
good my family back home can use some extra money.
Terrible time to be earning dollars. What happened to the $1 for 300 yen in two years people? You boys silent now!
The BOJ must have had enough of all the bellyaching from foreign residents who wanted to go on their summer holidays.
It’s still too weak. 120 would be the preferred
I get paid in USD. Let’s get that 162 back