Japanese Yen PLUNGING, Worrying Governments Around The World
It’s not just that Japan’s yen is crashing, it’s what a yen crash means to everyone not only in Japan. But why? All you’ll hear from the mainstream and most “experts” is that every currency exchange rate movement including JPY must be somehow related to a central bank, especially the Fed. It’s a myth easily debunked. When doing the debunking the real truth emerges and it’s not good.
Eurodollar University’s Money & Macro Analysis
Bloomberg Yen Drops Beyond 158 Per Dollar as BOJ Keeps Key Rate Unchanged
https://www.bloomberg.com/news/articles/2024-04-26/yen-drops-to-fresh-34-year-low-as-boj-keeps-key-rate-unchanged
Trilateral Ministerial Joint Press Statement
https://home.treasury.gov/news/press-releases/jy2264
FOMC Transcript February 1998
https://www.federalreserve.gov/monetarypolicy/files/FOMC19980204meeting.pdf
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU
42 Comments
So much for everyone pouring into Japan equities
got my self a question why BOJ don't save the YEN dispite having lot of US treasury and currency swap line with the fed?
i think with this video you the only one found so far give reasonable explanation.
Cant believe this Jackassery is the Worldwide Monetary system. The whole thing is a giant confidence game. We really need the IMF to declare BTC as the new WRC.
Hey Jeff, can you ask Steve tomorrow how The SEC Compliance Request for his "Portfolio Shield" is going. Was he fined for the use of fraudulent back testing data? Thanks buddy.
Lmao i love these thumbnails always giving them puffy red eyes
They did not say anything before y falling to 158
In the early to mid 1980's everyone feared Japan. They were buying up commercial properties across America, with the jewel in their crown, "Nakatomi Tower" in Los Angeles, but that's another story. Japan's reign as an economic world powerhouse was short lived as they have struggled for the last 30 years.
Declining birthrates in both countries…i feel like this will happen everywhere, if things don't reverse!? Just a theory….
How much have the US Treasuries gain in value in Yen term for the Japanese holdings?
You don't need to say "multi" three times.
1 USD = 158 Yen for now
Lots to fear.
So the cops knew that Internal Affairs was setting them up?
Being retired in the Philippines along with many Americans, I hope that the dollar will soar against the Philippine peso too.
That’s some currency manipulation 😂
Japan owes more debt than any other country in the world.The USA owes Japan more in foreign debt than any other country.
They'll dump treasuries to save the Yen.
C3PO
South korea should buy more U.S treasuries too.
The crises is near…twin crises into one: GFC 2008 (banking crises) + Asian financial crises 1997 (currency crises)
It will happen most like before end of the year..
Don't worry, Kishida has gone to Washington to ASK FOR PERMISSION to save Yen, and the US has given permission.
i think BOJ think asia market will collpase in 3 months, and YEN will become the safe heaven
Seamingliy every move is worryingly, first crude oil prices moving down from oct 23 was bad, the the updraft in energy prices was bad, now it’s the yen… which is in a steady downtrend since April 2020
Everything is bad, stocks down, stocks up, crude in backward action, down, up, sideways then strong dollar, now it’s then yen instead of the yuan. I don’t get it anymore. Decide what really suits the definition of bad.
That’s fine, the Lira is great also.. insignificant economies… maybe Japan will pay its YEN debt? Would be a great time for Japan to borrow…
Over support
Before finishing the video here's my hypothesis. Feel free to poke holes in it…
China businesses default on loans owed to Japanese financial institutions >>> JP institutions get bail outs from the BOJ >>> Inflation in JP currency occurs due to bail outs.
Dont worry. The BOJ will get a few trillion USD under the table from the FED at some point to stabilize things.
shave that beard
Return of the principal, is more important than return on the principal.
Maybe Japan can join BRICS and stop being so pathetic.
Didn’t Japan lose out on chip manufacturing somewhere along the way, weren’t they huge?
Will the Euro and pound follow the Japanese example, I think so.
The Yen plunging is good for Bitcoin.
Thanks Jeff
Being done for a reason.
So you are saying a strong USD is a flight to safety..everybody wants USD as a life boat when the Global economy starts to sink. Well duh!!!
Jeffy spends an inordinate amount of time disproving the boiler plate of the conventional wisdom..after which he puts forth what he perceives is the reality of the situation. The effectiveness of the FED can not be quantified as it is a matter of perception..in other words the FEDs real power is in your head.
Low value is good for exports.
Zoom out. Yen was at 300-350 to the Dollar in the 70s and early 80s. It bottomed over a decade and is now moving up to 250. Mean reverse.
Could this be your most important video?
so, it sounds like a good time to holiday in japan, you know, before they start eating tourists for lack of food.
Carry trade go boom