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© KYODODollar hits 5-year high in upper 116 yen level; Tokyo stocks plunge
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Chico3
Big deal. 1 yen increase.
Sh1mon M4sada
I don't think USD/JPY is the crucial relationship here...
IMO, if you are interested in capital preservation during this global turmoil, it is more apt to be looking at CNY vs everything else, especially since the start of covid.
2020 March - 2022 March
CNY/USD - down 12%
CNY/JPY - down 20%
CNY/EUR - down 18%
Do you still think Covid didn't come from China, or that China didn't leverage it for self interest?
indigo
Japanese are eating cup lamen, they are used to poor diet. Kishida know it. k-car and cup lamen society will fit the inflation trend.
Chico3
When I moved to Japan around the early 2000s, I remembered 1$US was around 120 Yen. However, on my first trip to Japan back in '98, 1$US was 150 Yen, so I guess what you wrote might be possible.
commanteer
I remember when it was nearly 80 yen to the dollar. Good times for travel - the whole world seemed like a bargain. Now even the poor countries aren't so cheap.
quercetum
The dollar though is not necessary doing well. The USD was already under severe strain before Russia invaded Ukraine.
The Fed prints money and the Fed buys money. Each printed dollar erodes confidence. Remember back in February it was 30 trillion? It’s now 10th March and it’s now 30.35 trillion? It will hit 31 trillion by April.
oyatoi
One man’s gain lock is another’s widening exposure to losses.
Matt Hartwell
AUD is cheap imo. It should be 80 cents at least.
kurisupisu
The cost of living in Japan goes up and Japanese poverty with it.
The standard of living in Japan is falling year on year!
beentofivecontinents
I feel like Tokyo is a bargain world class city to live in. It has it's good and bad points, but the cost of living here is less than half that of San Francisco.