Yen weakens past ¥160 per dollar, eroding intervention gains
japantimes.co.jp
Yen weakens past ¥160 per dollar, eroding intervention gains
1–10 of 74 posts
Re: Yen weakens past ¥160 per dollar, eroding intervention gains
#2I live in Japan and five years ago my drinking buddy at the time only had USD and was about to get on the shinkansen. He needed Yen ASAP. So he said, "dude I'll trade you a 100USD for 10000YEN." At the time it was an easy fifteen bucks or something profit after exchange, so I said, sure, here ya go.
I put it in a drawer and forgot about it until a few weeks ago. I'm going to the moon with this, ladies and gentlemen
Re: Yen weakens past ¥160 per dollar, eroding intervention gains
#3I live in Japan and five years ago my drinking buddy at the time only had USD and was about to get on the shinkansen. He needed Yen ASAP. So he said, "dude I'll trade you a 100USD for 10000YEN." At the time it was an easy fifteen bucks or something profit after exchange, so I said, sure, here ya go. I put it in a drawer and forgot about it until a few weeks ago. I'm going to the moon with this, ladies and gentlemen
Who charges their buddy 15 USD exchange fees on 100 USD? :(
Re: Yen weakens past ¥160 per dollar, eroding intervention gains
#4I live in Japan and five years ago my drinking buddy at the time only had USD and was about to get on the shinkansen. He needed Yen ASAP. So he said, "dude I'll trade you a 100USD for 10000YEN." At the time it was an easy fifteen bucks or something profit after exchange, so I said, sure, here ya go. I put it in a drawer and forgot about it until a few weeks ago. I'm going to the moon with this, ladies and gentlemen
Who charges their buddy 15 USD exchange fees on 100 USD? :(
That's the wrong read. It's more that it's easy to understand. "I will give you a 100 dollar bill, please give me a 10,000 yen bill."
Re: Yen weakens past ¥160 per dollar, eroding intervention gains
#5The BoJ has to raise rates. Dumping Dollars to buy Yen is spitting in the wind.
Re: Yen weakens past ¥160 per dollar, eroding intervention gains
#6I live in Japan and five years ago my drinking buddy at the time only had USD and was about to get on the shinkansen. He needed Yen ASAP. So he said, "dude I'll trade you a 100USD for 10000YEN." At the time it was an easy fifteen bucks or something profit after exchange, so I said, sure, here ya go. I put it in a drawer and forgot about it until a few weeks ago. I'm going to the moon with this, ladies and gentlemen
Who charges their buddy 15 USD exchange fees on 100 USD? :(
He literally put 100USD in front of me, said he forgot to get more yen before his trip, and asked for a favor. Am I really in the wrong from your perspective?
Re: Yen weakens past ¥160 per dollar, eroding intervention gains
#7In 1985, USDJPY was around 250:1, why 160:1 is now a problem?
With almost all of its industries no longer in a leading position, with its car industry being demolished by EVs, 250:1 is what it is heading.
Re: Yen weakens past ¥160 per dollar, eroding intervention gains
#8In 1985, USDJPY was around 250:1, why 160:1 is now a problem? With almost all of its industries no longer in a leading position, with its car industry being demolished by EVs, 250:1 is what it is heading.
USD is falling vs euro so EURJPY is even more bleak. USD in general during those times was way stronger than it is today so those numbers are meaningless.
Re: Yen weakens past ¥160 per dollar, eroding intervention gains
#9Earlier quoted context omitted.
Who charges their buddy 15 USD exchange fees on 100 USD? :(
He literally put 100USD in front of me, said he forgot to get more yen before his trip, and asked for a favor. Am I really in the wrong from your perspective?
Yes, the move to do was to take a pair of scissors to cut down the 100 dollar bill to fair market value, and give the remainder back to your friend.
/s
Re: Yen weakens past ¥160 per dollar, eroding intervention gains
#10Earlier quoted context omitted.
Who charges their buddy 15 USD exchange fees on 100 USD? :(
He literally put 100USD in front of me, said he forgot to get more yen before his trip, and asked for a favor. Am I really in the wrong from your perspective?
If I was in that situation and I’d help my friend not try to make a buck off them when they are down.
Between electronic transfer and just settle the debt later, isn’t really an excuse…