Yen weakens past ¥160 per dollar, eroding intervention gains

shoobiedoo

I live in Japan and five years ago my drinking buddy at the time only had USD and was about to get on the shinkansen. He needed Yen ASAP. So he said, "dude I'll trade you a 100USD for 10000YEN." At the time it was an easy fifteen bucks or something profit after exchange, so I said, sure, here ya go. I put it in a drawer and forgot about it until a few weeks ago. I'm going to the moon with this, ladies and gentlemen

timr

The BoJ has to raise rates. Dumping Dollars to buy Yen is spitting in the wind.

tw1984

In 1985, USDJPY was around 250:1, why 160:1 is now a problem? With almost all of its industries no longer in a leading position, with its car industry being demolished by EVs, 250:1 is what it is heading.

chenzhekl

Unless Japan raises interest rates or tightens fiscal spending, no amount of intervention will work as long as the structural problems remain.

2OEH8eoCRo0

Time to sell some bonds!

charcircuit

This headline is outdated. It's at 159.82 yen / usd right now.

Stevvo

Fantastic as someone looking for an affordable vacation destination.

cco

Defending currency has to have some quip, right? Something like, "The market can remain honest longer than your central bank can stay solvent"? Always seems to go wrong. Like spraying water on a forest fire with a straw.