There have been some breaches against the yen in the past few hours.
Euro: 184
British Pound: 210
Swiss Franc: 197
The dollar lost some steam recently, but it above 157 again.
Working-Crab-2826 on
Me when I fuck up the country to avoid the melting of the yen and up melting the yen even more
Tough_Oven_7890 on
BOJ sounded too soft and cautious, likely to avoid rocking stocks/JGBs. The move was priced in, so no hawkish surprise = carry trades stay on = yen stays weak.
Next step is probably nothing from BOJ, with possible MoF intervention around 158–160 if it gets ugly.
General_Guisan on
If you’re in a big hole, you got two choices:
Keep digging. Situation will get worse (Japanese current approach)
Ask for a ladder. Not on the menu with the current Japanese politics..
So you can expect the Yen to become weaker and weaker, with people betting on it.
Great for big companies and the top 1%
Bad for everyone else. Japanese society becomes poor.
I remember just 15 years ago, travelling to Japan was expensive. Japanese would travel abroad for cheap holidays.
Now it’s the opposite.
ayase_2006 on
Nice my money is worth nothing. I might have to apply to jobs in the EU though.
ibi173 on
Niemand, wirklich niemand nimmt die boj noch ernst 😀
Zinsen rauf und dennoch bricht die währung ein, das muss man erst einmal hinbekommen 😀
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There have been some breaches against the yen in the past few hours.
Euro: 184
British Pound: 210
Swiss Franc: 197
The dollar lost some steam recently, but it above 157 again.
Me when I fuck up the country to avoid the melting of the yen and up melting the yen even more
BOJ sounded too soft and cautious, likely to avoid rocking stocks/JGBs. The move was priced in, so no hawkish surprise = carry trades stay on = yen stays weak.
Next step is probably nothing from BOJ, with possible MoF intervention around 158–160 if it gets ugly.
If you’re in a big hole, you got two choices:
Keep digging. Situation will get worse (Japanese current approach)
Ask for a ladder. Not on the menu with the current Japanese politics..
So you can expect the Yen to become weaker and weaker, with people betting on it.
Great for big companies and the top 1%
Bad for everyone else. Japanese society becomes poor.
I remember just 15 years ago, travelling to Japan was expensive. Japanese would travel abroad for cheap holidays.
Now it’s the opposite.
Nice my money is worth nothing. I might have to apply to jobs in the EU though.
Niemand, wirklich niemand nimmt die boj noch ernst 😀
Zinsen rauf und dennoch bricht die währung ein, das muss man erst einmal hinbekommen 😀