Yen briefly rises to 151 in New York after weak U.S. labor data

So visitors will have lost around ¥20000 in spending money.

Getting paid in USD living in Japan has been amazing. For the normies, not so much and for this I am sorry you are struggling.

government intervention is short lived. They just gave Japanese traveling for golden week a gift. Sadly nothing will charge 160-170 will be the new norm while Japan’s economy shrinks

Each time the yen strengthens like this, the relative value of my overseas holdings goes down.

But the value of my Japanese savings goes up. Just a question of where I focus.

Am I a pessimist or an optimist? Swings and roundabouts. Is it a luxury to have some of both in reserve? Actually, every yen of my minimalist pension shouts out for help.

Back in 2019 the yen was around ¥110/USD when the US interest rate was 2.5%.

Then in 2022 the yen went up to 148 as the US increased interest rates from 0-4%.

The BOJ will probably intervene as much as necessary to keep the yen from free falling and the speculators guessing.

For everyone living in Japan let’s hope the yen returns to a reasonable level.

In the words of Abe Shinzo :

"Japan is back"!

Smart move by the BoJ. USD is overvalued so sell it and buy yen.

Did the same myself. Lots of countries are dumping the dollar.

Unfortunately it seems the jpy is now a second rate currency

US economic data alone is either going to drag the yen down or up.

happyhereMay 4 10:12 pm JST

Smart move by the BoJ. USD is overvalued so sell it and buy yen.

Did the same myself. Lots of countries are dumping the dollar.

I believe some sources are in order. Was it the one country with a dollar backed currency that is still dollar backed or the other one?