Yen Hits New Low: Forex and Travel Opportunities?

Over the past 30 years, the Japanese yen moved beyond USD/JPY 159 for the first time, potentially prompting Japan to intervene in the market.

$Invesco CurrencyShares Japanese Yen Trust(FXY)$  BREAKING: USD to JPY ratio crashes again just days after the Bank of Japan intervened when the Japanese Yen hit its weakest level since 1990. At 9:30 PM ET on Sunday night, the Japanese Yen weakened to 160 against the US Dollar for the first time since 1990. On Tuesday, BOJ data indicated that they likely intervened with $5.5 TRILLION Yen for the first time since 2022. Today, the same exact situation just happened and it appears to be another intervention. The Yen is in trouble.
*what would Mrs Watanabe do if she's based in NZ?* 1. convert nzd to yen now 2. search for promo flights nz-jp 3. no more St Pierre's sushi, eat the real deal I love Mrs Watanabe, she's my idol🍶🍣🥷🍜
avatarAdewoon
04-29
Eat more sashimi & buy more Japanese goods!

EURJPY Elliott Wave Analysis: How to Ride the Bullish Wave

April 26, 2024 By EWFSanmi Hello traders. Welcome to this technical blog post where we will delve into the EURJPY currency pair. By the end of this post, you should have a clearer understanding of the path EURJPY Elliott wave analysis is following and how you can participate in the upcoming significant movement on this pair. So, please join me on this journey. If you’ve been keeping up with us on any of our social media platforms or reading our blog posts, you’ve likely come across our bullish outlook for Yen pairs, as illustrated in our posts, charts, or videos. We cover a total of 78 instruments, including 7 Yen pairs, among which EURJPY is included. EURJPY Elliott Wave Analysis – 25th April Weekly Chart Update EURJPY Elliott Wave Analysis Above is the weekly chart we shared with me
EURJPY Elliott Wave Analysis: How to Ride the Bullish Wave

Will Japanese Yen depreciate further?

As the Japanese yen exchange rate hit 160 in the early morning of April 29, marking a new low not seen in over 34 years, the Bank of Japan may have started to take action. Since April 29 is not a trading day in Japan (Showa Day), trading was relatively thin, resulting in larger intraday volatility. $iShares MSCI Japan ETF(EWJ)$ $Japanese Yen - main 2406(JPYmain)$ $Invesco CurrencyShares Japanese Yen Trust(FXY)$ What are the impacts of the yen's depreciation?Depreciation FactorsMonetary Policy Unchanged: The Bank of Japan decided at its March meeting to maintain the current bond purchase scale without announcing a reduction in bond purchases. This indicates tha
Will Japanese Yen depreciate further?

How to understand convergence of Gold, Yield, and USD?

Since April, the nominal yield on $US10Y(US10Y.BOND)$ has surged close to 4.7%, and the real interest rate has risen from 1.87% to 2.41%. The $USD Index(USDindex.FOREX)$ has increased from 104 to 106, yet $Gold - main 2406(GCmain)$ has paradoxically soared by more than 7%, with only a slight pullback seen recently. $SPDR Gold Shares(GLD)$ Is this seemingly "contradictory" trend indicative of the emergence of new and more significant pricing factors at play?There are some aspects to observe.Divergent Traditional Correlations: The recent rise in gold prices, alongside increases in both the US dollar and
How to understand convergence of Gold, Yield, and USD?
BREAKING: For the first time since 1990, the Japanese Yen weakens to 160 against the US Dollar. In other words, the conversion rate for 1 US Dollar has gone from 130 Yen to 160 Yen, a massive change for a major currency. This comes as the Bank of Japan kept interest rates near 0% even as their currency is sliding. Last month, the Bank of Japan raised interest rates for the first time since 2007. Still, their currency has lost nearly 20% of its purchasing power against the US Dollar over the last year. What is happening in Japan? Persistent weakness in the Japanese Yen be interpreted as a lasting inflationary signal. Meanwhile, rate cuts are being priced out in the US and higher for longer is back. It's going to be a bumpy road ahead.
Some investors air their concerns about investing in US dollar assets because they have been brainwashed by the prophets of doom and the mainstream media that the USD weakening as a result of higher government debt. They are so wrong. In the last 10 years, the USD has appreciated against most of the major currencies. In the last 10 years... USD has appreciated 65% against the Japanese Yen (JPY) USD has appreciated 38% against the Indian Rupee (INR) USD has appreciated 34% against the Australian $ (AUD) USD has appreciated 31% against the British Pound (GBP) USD has appreciated 26% against the Euro (EUR) USD has appreciated 19% against the Chinese Yen (CNY) USD has appreciated 7.95% against Singapore $ (SGD) USD appreciated 0.96% against the Swiss Franc (CHF) If you add this currency ga
avatarorsiri
04-27

Dive into the Yen: Currency's Ups and Downs and Where to Fish for Investments

The recent rollercoaster ride of the Japanese yen (JPY) against its American counterpart (USD) has been like watching a tennis match where the ball just won't stay on one side of the court. With the yen falling on Friday and trading near its lowest level in three decades, briefly spiking against the dollar before concerns about intervention emerged following the Bank of Japan's interest rate decision, one can't help but wonder: is this a fleeting episode of financial drama, or are we witnessing the dawn of a long-term trend? More importantly, should investors pack their bags and head east, or is it better to stay put and enjoy a cup of British tea while pondering the options? Let's put on our monocles and take a closer look at this intriguing spectacle. Understanding the Drivers of the Ye
Dive into the Yen: Currency's Ups and Downs and Where to Fish for Investments
avatarNMKOH
04-27
A stronger SGD exchange rate give more purchasing power for  travelling and spending in Japan  Also makes Japanese goods cheaper to purchase. 
avatarjhtiger
04-27
I've travelled throughout mainland Japan and to many of their smaller islands. One of my favorite countries so yes I am contemplating a trip there
Good for Japan export and foreigners to travel to Japan 
avatarTiger V
04-26

Navigating the Opportunity for Forex Traders when Yen Hits Low ¥_¥

The yen has hit new lows against a strong dollar, and while this presents some forex opportunities, it also poses challenges for Japan's economy. A weak yen can boost exports by making Japanese goods more competitive internationally. However, it also inflates import costs, potentially harming consumers and businesses. Given the BOJ's slow approach to raising interest rates and the US's ongoing stance on monetary policy, the interest rate differential continues to weigh heavily on the yen's value. Japanese policymakers, like Finance Minister Shunichi Suzuki, are wary of the negative impacts of the weak yen on the economy and are closely monitoring the situation. As forex traders navigate this environment, opportunities may arise from volatility, particularly in yen-related currency pairs. N
Navigating the Opportunity for Forex Traders when Yen Hits Low ¥_¥
avatarSPOT_ON
04-26
though the yen had fallen to record low but travel fares to japan ain't cheap either... their hotel accommodation cost is daunting @Tiger_comments @MHh @Success88 @Aqa @Shian Pin @rli @DiAngel
no. pass on japan❤️
Japan would be a good place.to visit. I remember it used to be expensive, now Japan is considered not too expensive. some say Japan economy has reached its peak and the only way is down. it has been flat or trending down these years... some remain hopeful that Japan.willnthrive again... Japan is still a place to visit given the rich culture and beautiful scenery [smile] [smile] [smile] @LMSunshine @HelenJanet @koolgal @Shyon @Aqa @GoodLife99
Ok booked ticket already, should i change yen now ? Will it drop further ? 😎
avatarMrzorro
04-26
since now yen has dropped and weak, it is time to go travel to Japan [Smart] Sushi, Onsen spa, bullet train,Mount fuji,visit shrines and temples! let's go!!!
avatarDiAngel
04-26
I was so crazy that in my 1st tokyo trip, i just buy my purplish pink yukata, 1 pink 1 purple paper fans to blend with my yukata, pink strings to tie around my waist, 3-4 slippers to match my yukata and an unique bamboo strips basket. The basket was so fragile that i hand carried up SQ flight and requested air stewardess to keep it safely in their compartment rather than up in my compartment. Of course, you have to put on your charisma and innocent look smile so that they cant resist or reject such an innocent looking angel 😇😇 [LOL][LOL][LOL][LOL][LOL][LOL]
avatarDiAngel
04-26
If it is summer, i can bring my own purplish pink yukata, my own personal paper fan engraved with my japanesw name, japanese slipper and japanese basket [Chuckle][Smile][Happy]