Yen falls to 150 level against U.S. dollar

Abenomics, at its best.

until the Bank of Japan raises interest rates, the yen will continue to fall. Selling dollars or buying yen do nothing to address the fundamental cause of the yen’s decline against the dollar. Interest rates in the US are rising and those in Japan remain extremely low.

The governor of the BOJ may say that he is maintaining the low rates to support the economy, but what he is actually doing is allowing inflation to continue and accelerate as the cheap yen causes the cost of imported energy to go higher and higher. This will hurt the economy as energy costs affect the price of everything. This inflation weakens demand as consumers have less and less money to spend. Maintaining low rates will not stimulate the economy. It will drive it into recession.

There we go again.

149.98 now.

We'll see it on the 200 in a week or so.

Unless something changes. But we already know that Japan never changes.

Fresh warnings every day. Hot, freshly baked warnings, like you never seen before. By Shunichi himself. What a joke of a guy. This what hapens when country is run by 69 year olds.

165 by the end of 2022

Indicators on weekly USDJPY tf showing some formation of negative divergence. Maybe by december things can change.

absolutely intolerable.", but you won’t do anything about this “absolutely intolerable” situation. LDP pro activity at its best. They need to raise taxes and buy more weapons that will help the population deal with this “absolutely intolerable situation”

Lost a third of its value.

In other news, the government is talking about spending 30 trillion yen in Keynesian trickle down big government stimulus spending, and who else but the BOJ is going to end up printing more yen to buy up that extra debt.

If the government stopped spending money it doesn’t have, and thus gave the BOJ no reason to print more yen, I think that would be a big help, without having to raise interest rates.

I have little faith in the BOJ’s purported projections for inflation next year being accurate, and indeed would prefer a return to the good old days of zero percent inflation.

Stuck in the past policies not working in the present, bereft of any comprehension of 2022.

Just a reminder to everyone.

Japan's inflation ignores most food, gas and fuel prices.

It's not comparable to foreign inflations.

Japan's inflation ignores most food, gas and fuel prices.

In contrary, the inflation ignores nothing but goes especially for those. But maybe you meant the theoretically calculated and then published inflation rate value instead.

The value of the yen to the dollar has almost halved from its postwar high of 75.32 hit in 2011. 

Its quite depressing to realize that my income has halved in value over the past 11 years.

The goal by the government could be to make Japan competitive against China in manufacturing to take a cut from them from countries that are turned of by the rising belligerence of China in recent years. That's what grew Japan during its postwar economic boom and that's the only game they know and they are unwilling to learn new tricks. In the western democracies, a government would face a big backlash (see the UK) after such policies that condemn the middle class to poverty, but in Japan, LDP is guaranteed to stay in power indefinitely so they can continue their "bold" economic plans.

Print more money and let's take it to 200 by the end of January.

I could note understand why there was still no intervention when Yen hit 150 today

@Larr Fint

Sell your YEN until you still CAN!

Your advice has been good for a long time. Where do you think the USD JPY will go from now on?

Japan's only solution is to become the next UK for dark money from Asian elites. This means to shred xenophobia to allow "filthy barbarians" from China, Vietnam, Indonesia, India,... to freely buy assets and run business operations in Japan without the fear of being Ghosn'd.

John Kennedy

Until the Bank of Japan raises interest rates, the yen will continue to fall. Selling dollars or buying yen do nothing...

BOJ will not raise inerest rates as Kuroda has been saying repeatedly. The nature of Japanese inflation is not same as other countries such as USA. In Japan, it is caused by "cost-push" unlike in USA, where it is caused by "demand-pull". Economy is heating up too much in USA but not in Japan.

Besides, neigher Japanese Government (Ministry of Finance) nor BOJ think weaker yen is a problem. On the contrary, they think weaker yen is good for Japanese economy. "[Kuroda said] if the weakening of the yen is stable, it is a plus for the economy." (Kyodo News 10/20)

They will intervene currency market only when its speed of change is too rapid (because companies cannot make adjustments in time). The purpose of currency intervention, which is rare, is to slow down the speed, not stopping or reversing. And it works. It worked last time as they did not have to intervene again for next 28 years. It is working so far this time:Yen got devalued by 8.5% in a single month before the intervention, but after the intervention, it got devalued only by 3.5% in the month.

Boycott the filthy dollar !!..

Sell your YEN until you still CAN!

Trade deficit for the 14th month in the row, how long do you guys think other countries will sell things to Japan in exchange for empty money that is loosing with every single day.

On Yahoo website more and more young Japanese going overseas to work.

There is still some time before the bankruptcy!

Selling at the bottom is always sage advice, fool

69 year olds probably don't have iPhones or like holidaying in Hawaii.

Legalize weed, tax it, export it to the USA, open the borders to weed tourism, profit.

The goal by the government could be to make Japan competitive against China in manufacturing to take a cut from them from countries that are turned of by the rising belligerence of China in recent years. That's what grew Japan during its postwar economic boom and that's the only game they know and they are unwilling to learn new tricks. In the western democracies, a government would face a big backlash (see the UK) after such policies that condemn the middle class to poverty, but in Japan, LDP is guaranteed to stay in power indefinitely so they can continue their "bold" economic plans.

Japan's population is in decline and is allergic to immigration, there is no way they're going to ever become a manufacturing powerhouse in the near future, it would be suicide to assume otherwise.

Maybe they could "deploy the robots", but they're only so advanced and people are still required for a lot of manufacturing.

Japan should twin with the UK. Our currency is junk now too.

150.45 now

Seems that this headline need to update more frequently

135….. BOJ is watch

140 ….. BOJ is watch

145…… BOJ is watch with urgency

150.5 … BOJ is still watch urgency

150.76 …… BOJ is watching with urgency

150.77 now. Watching

150.87 watching watching watching

150.91 ……. no urgency now.

It will go to 200 anyhow

the goverment need to sell american bonds .. BoJ cant do anything

same as china sell us bonds and buy yen