business

Yen briefly rises to mid-137 zone against dollar; highest in 3 months

6 Comments

The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

© KYODO

©2023 GPlusMedia Inc.

6 Comments
Login to comment

Time to take the family to Hawai then?

0 ( +3 / -3 )

As predicted. The slow correction has started. Natural level is somewhere around 120-125 with slowing inflation in the US, and with Interest rates, USTs and JGBs where they are.

All those posters who'd thought we'd see 200. Not gonna happen.

Intervention by the BOJ has ultimately proved successful. No money has effectively y been lost now- the dollar reserves can be replenished.

-6 ( +2 / -8 )

The US Dollar is temporarily cooling down for a moment. The Federal Reserve shows no sign of stopping the rate hikes, even if they recently slowed down a bit (explained Yen's current recovery).

Buckle up, boys and girls!

6 ( +7 / -1 )

Intervention by the BOJ has ultimately proved successful.

I think the cooler inflation read out of the US had more to do with it, triggering a November unwind of the wildly profitable 2022 yen short trade.

The yen has more dark days coming in 2023 I fear, although I would much prefer to see a strong stable currency again, with zero inflation one more - actual “price stability”.

3 ( +3 / -0 )

Nice! Time for a steak.

0 ( +0 / -0 )

The yen has more dark days coming in 2023 I fear, although I would much prefer to see a strong stable currency again, with zero inflation one more - actual “price stability”.

IMHO, and obviously I'm not an fx guy, but our company do rely on currency hedging etc. for earnings so I do take a keen interest, the Yen will be doing better in 2023, much better, because the USD was a loner caused by the Feds fighting an invisible enemy.

0 ( +0 / -0 )

Login to leave a comment

Facebook users

Use your Facebook account to login or register with JapanToday. By doing so, you will also receive an email inviting you to receive our news alerts.

Facebook Connect

Login with your JapanToday account

User registration

Articles, Offers & Useful Resources

A mix of what's trending on our other sites