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6 Kommentare

  1. 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.

  2. 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

  3. 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.

  4. 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.

  5. Nice my money is worth nothing. I might have to apply to jobs in the EU though.

  6. 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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