21–30 of 74 posts
The BoJ has to raise rates. Dumping Dollars to buy Yen is spitting in the wind.
Do you mean BoJ? JCB is a credit card company. It's expected for the BoJ to raise the rate to 1.25% in 2 weeks.
> It's expected for the BoJ to raise the rate to 1.25% in 2 weeks.
Cool. Only like four hundred basis points to go!
Earlier quoted context omitted.
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…
I much prefer zero stress - if money is tight, we just don't do expensive stuff, or steal the bill before they have a chance to pay. Mostly that means we stay cheap until we can safely cover multiple people if needed (running your safety-buffer low enough that you can't do that is a terrible idea anyway).
Earlier 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?
In 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.
Of course that will change over time, if it hasn't already. The Japanese government's messaging about this has been that they're not really worried about the currency weakening (after all they're massive net exporters! it should be a good thing), but rather the speed at which it's happening.
In 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.
Because that was 1985, and this is now. Entire supply chains, input costs, planning, etc. have been built around the assumption of the JPY trading in some sort of range. Of course that will change over time, if it hasn't already. The Japanese government's messaging about this has been that they're not really worried about the currency weakening (after all they're massive net exporters! it should be a good thing), but…
I 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? :(
OP clearly stated the situation was of a mutual benefit - friend got their Y now and don't need to bother with doing an exchange, OP got a few spare bucks which was a such big sum what it literally sat in the drawer for 5 (five) years.
I 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