JAPANESE YEN COLLAPSE

What beats me is how one currency created out of thin air and backed by nothing is worth more than another currency with exactly the same credentials.

yea

The J-Government tried since Months to lower the
Japanese Yen but without success,
maybe now they got some Help?

Because we kicked their ass...

Yea we did

New low

[link to e.nikkei.com]

Broke 80

dollar is backed by oil

Its actually good for Japan... Yen has been too strong

Wow

true

because the Yen is considered a "safe haven" currency, it keeps getting bids despite the BOJ's attempts to weaken it

Japan is an export based economy...they want a weak yen

so not sure this is doomy...

A new multi year low in the yen

the star trek universe is entirely fictional.

the star wars universe is entirely fictional.

both worth a great deal of wealth.

dollar is backed by military complex,
oil is just a gimmik

New lows

interesting....

Have you seen this thread?

Thread: BREAKING! --- UBS Said Planning to Admit JAPAN Wrong-doing in LIBOR

It's a shame it hasn't been picked up, I'd love to learn more about it.

New low on the Japanese yen

Reversal in sight??

Spot on bro

Spot on bro

, good find OP

New low

It's because even though the currency is made-up, it's still a commodity of exchange, and therefore has economic value.

It is for the Japanese. A weak Yen encourages exports, which increases domestic demand for production, but equally it reduces Japanese domestic buying power and erodes the value of savings. The Japanese government is promoting exports and internatially-driven growth at the expense of domestic stability and growth. They're aiming for a trade-off, hoping that the increase in international trade will boost the economy enough before the domestic hit occurs for the economy to witness an overall increase.

Problem is, it won't happen. On the plus side we can expect the PS4 to be reasonably priced :D

Japanese Yen at 103 now

good chance of a run to 104.50 - 105.00 today !

we have another thread on this with a great video:



a rise in interest rates to 2% on the 10-year bond would mean 100% of the tax-take is spent on interest.

Japan will go hyper shortly. A currency event, remember.

The Yen will crash, then the Eruo - the dollar will soar (for a while - as big money seeks a safe haven from the declining Yen/Euro) then its time will come as well.