There’s no easy answer for the weakening Yen: currency analyst
As the Yen weakens there isn’t much the Japanese government can do to stop it short of intervening, says Adam Button, chief currency analyst, Forexlive. As for the U.S. dollar, much of the world doesn’t want to see it get any stronger, says Button.
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22 Comments
That's what happen when you are friends with the US, they "take care" of you.
When next year once fed cutting rate, yen will be strength, no worries.
Of course there's a easy answer you just don't want to say it. Japan is forced to sacrifice its currency to save usa's economy. The price to pay for being usa's bitch.
China cant budge their currency becuase of BRIC, why would any othe BRIC want to hold curerncy that will lose value. Japen is dumb to let it slide so fast. But one can argue that Pres Reagan forced the yen to appreciate so fast but that was negotiated with US central bank.
I haven’t seen the Japanese cars any cheaper lately…
What is happening, Japan is the largest creditor country in the world
I moved to japan recently. I’m living off my U.S. savings. In states like California, cost of food and rents have soared. Which is worse: rampant inflation in the U.S., or deflation in Japan…?
Yes, there is. Dump US Treasury Bills. Immediately!
The dollar is sttong because all other currencies are weak. The dollar is just best looking out of the bunch!
No easy answer ?! How about the fact that Japan is the only remaining major buyer US dollar backed by debt, which is losing value everyday, and therefore decreasing value of the yen
Japan wants inflation. By letting their Yen tank, imports become more expensive for Japanese consumers. This is win/win for the BoJ. Japan imports a bit of inflation and it's exports are more competitive.
Japanese officials will pay lip service to their complaining voters, but they will allow the situation to continue.
Japan just needs to start dumping the treasuries and we will soon find out which country doesn't have options 😂
Print YEN & buy BTC. Problem solved in 4 years.
158.40
Did he start by saying "The US dollar looking strong with inflation staying high"?
I mean I know he means because high inflation decreases rate hike chance which he thinks means strong dollar but just sit back and think about the statement. High inflation means the dollar's losing value in terms of real goods and services. The yen's just losing it faster.
It's almost as ridiculous as continuing to call the 10 year US treasury yield the "risk-free" rate as the US government approaches insolvency.
They have to raise interest rates what choice do they have
Actually the answer is very obvious… … but it is beyond mortals.
From now on, textbook economics and whatever ends, the gods' games take over, and the complication level…. … goes to the top.
My habit of fore-warning… … as a god. It is fun… … to see smarties playing gods, ending up "Oh, what the f… … no one can expect that coming… …"
And a huge funny mess.
Many will see much much wealth vaporized overnight, even in fixed deposits… …
No why… … the crushing comes directly at where you fixed your wealth… … Hee hee hee hee hee hee hee… …
War is not just bullets and soldiers… … there are a lot in it. Enjoy.
Because down this road of 'mechanism' of the gods, it will be WWIII nuclear.
Unless of course… … 3 major powers will sacrifice, self destroy their coffer for the world… … Without all their absorption of damages attempts, there will no chance… …
But not to mention they won't do it… … if they do, they become meat in this forest even to smaller predators… …
Either way, the gods will win. At every game, either path will go nowhere but to the next game… … because the gods had already 'built' your mouse track.
Soon… … no laws nor police nor military powers will be bothered by us… … you mortals will once again, be just meat… …
Do feel free to try jump out of the chessboard… … … will be so fun seeing mortals do that.
158
"Story about Trump wanting to weaken the currency". That's a lie. Trump was criticizing Japan and other countries for weakening their currencies which boots their exports and hurt the US.
159
We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.
Best comment- "They (Japan) is such a strange country, they are almost crime free and free health care"