What's up with the value of the YEN?

[matsuki]

Whether you welcome the recent changes in exchange rates or not, I wonder if this will influence the trend.

Japan has rejected claims it is orchestrating a slide in the yen, a day after German leader Angela Merkel voiced concern over the new government's exchange rate policy.

"The criticism that (the government) is manipulating the currency rate is completely off the mark," Finance Minister Taro Aso said on Friday.

His comments in the online edition of the Nikkei business daily are the latest in a simmering row, with critics saying Tokyo's pressure on the central bank amounted to meddling that could spark a global currency war.

bringing the rest of the article back home

US is starting to get upset about the whole J-Gov intervening as well but at the end of the day, no way to really stop them from devaluing the yen. (though I also think there is no good way to stop the yen from sliding to 150~200 territory)

[Cyka UchuuJin]

125.55 to the euro, no signs that it's a blip.

gonna be a fun day in our accounting department. :/

[FG Lurker]

It's a fuck of a lot nicer seeing 92/dollar when it's going this way than it was seeing 92/dollar as the yen was getting stronger. Finally all the preparations I have spent the past few years putting in place might start to bear a bit of fruit.

Personally I hope it settles in the 95 to 105 range but I wouldn't be surprised to see it back in the 110-115 range that was comfortable for so long.

(On the downside gas is about to go through the roof. 5km/liter of premium gas is going to get pricier again.)

[matsuki]

[cstaylor]

(On the downside gas is about to go through the roof. 5km/liter of premium gas is going to get pricier again.)

..and the price of electricity (still no nuclear power to speak of) and everything else (petroleum economy). Couple that with next year's consumption tax increase, and they'd better get those power plants online soon.

[FG Lurker]

I think you might have overdone the Thailand surgery...

[cstaylor]

Told you so:

Japan logs worst monthly trade deficit for January

Japan logged its worst ever monthly trade deficit in January despite an upturn in exports as the yen’s recent sharp drop pushed fuel costs higher, according to official data.

more from JapanToday

[Cyka UchuuJin]

Told you so:

Japan logs worst monthly trade deficit for January

Japan logged its worst ever monthly trade deficit in January despite an upturn in exports as the yen’s recent sharp drop pushed fuel costs higher, according to official data.

more from JapanToday

we just made our announcement on pricing today. we've had to increase our jpy price list by 20% for our importers to be able to maintain their fairly meager profits.
it's gonna be a rough road this year...

[matsuki]

Told you so:

Japan logs worst monthly trade deficit for January

Japan logged its worst ever monthly trade deficit in January despite an upturn in exports as the yen’s recent sharp drop pushed fuel costs higher, according to official data.

more from JapanToday

we just made our announcement on pricing today. we've had to increase our jpy price list by 20% for our importers to be able to maintain their fairly meager profits.
it's gonna be a rough road this year...

I am not having fun with it either but I have a few export products that will be helped by it so time to put more effort into those

[gaijinpunch]

we just made our announcement on pricing today. we've had to increase our jpy price list by 20% for our importers to be able to maintain their fairly meager profits.
it's gonna be a rough road this year...

I got butt-fucked prison style for 4 years. It will be nice to be on the other side, but still know it can go south at any moment.

[canman]

I am so pissed off with the way gas prices are climbing like crazy these past couple of weeks. All i keep hearing is that it is because of the weak Yen, but what about the almost 2 years when the yen was around 77? Aren't gas contracts bought as futures, to help protect from the currency fluctuations we are seeing now? What happens if the Yen drops to 120 to the dollar, are we looking at Y200 per litre? Thanks Abenomics! Screw the little guy, but the the fat cats make off like bandits.
BTW, a litre of regular gas here in Hachinohe just went up to Y156. How much are you paying in other parts of the cuntry?

[Yokohammer]

I'm afraid to look ...

Last time I filled up was the 20th (been hunkered down with work so I've hardly been out), and then it was 146 yen.

156 is pretty high.

[FG Lurker]

BTW, a litre of regular gas here in Hachinohe just went up to Y156. How much are you paying in other parts of the cuntry?

146 for regular here in Osaka, 159 for premium. I get 4~5km/liter in the city so it doesn't go far! Still enjoying this somewhat weaker yen, hoping we see 100/dollar sometime soon.

[Coligny]

I am so pissed off with the way gas prices are climbing like crazy these past couple of weeks. All i keep hearing is that it is because of the weak Yen, but what about the almost 2 years when the yen was around 77? Aren't gas contracts bought as futures, to help protect from the currency fluctuations we are seeing now? What happens if the Yen drops to 120 to the dollar, are we looking at Y200 per litre? Thanks Abenomics! Screw the little guy, but the the fat cats make off like bandits.
BTW, a litre of regular gas here in Hachinohe just went up to Y156. How much are you paying in other parts of the cuntry?

The price goes up before the boat loaded with the texas tea who left before any change, have arrived to destination. It's called "FUCK YOU"...

But on serious note, while I'm certain that coal and aviation fuel are bought at pre negocied prices, i'm not sure of the trading methods for automotive gasoline... time to run on JP5 guys...

[canman]

Great, so with the falling yen, I'm sure to see the price of gasoline fall equally! As I mentioned the other day Y156 for regular, Y167 for high octane. I'm waiting to here some of the excuses like, now that the gov't is demanding older stations remove their old holding tanks, and replace them with new ones, there are only a few gas stations, so they have to rip off customers to stay competitive. Which is a crock, they will be rolling in it, since all their other competitors have been shut down! As you can see oil and gas prices are two things that drive me crazy.

[matsuki]

Back at 91(ish)

Great, so with the falling yen, I'm sure to see the price of gasoline fall equally! As I mentioned the other day Y156 for regular, Y167 for high octane. I'm waiting to here some of the excuses like, now that the gov't is demanding older stations remove their old holding tanks, and replace them with new ones, there are only a few gas stations, so they have to rip off customers to stay competitive. Which is a crock, they will be rolling in it, since all their other competitors have been shut down! As you can see oil and gas prices are two things that drive me crazy.

Time to say "fuck you!" back and buy a Tesla?

[Coligny]

Great, so with the falling yen, I'm sure to see the price of gasoline fall equally! As I mentioned the other day Y156 for regular, Y167 for high octane. I'm waiting to here some of the excuses like, now that the gov't is demanding older stations remove their old holding tanks, and replace them with new ones, there are only a few gas stations, so they have to rip off customers to stay competitive. Which is a crock, they will be rolling in it, since all their other competitors have been shut down! As you can see oil and gas prices are two things that drive me crazy.

146 reg
156 premium
130 diesel

at the local shell station.

Wuzn't there some wabsite with station prices ?

[IparryU]

USDJPY YTD.png

USDJPY FEB.png

I have a theory... it seems they had a lil party on Sunday the 24th... first one since they lost the lower house election... hmmm....

DPJ holds convention to regroup for upper house election
The main opposition Democratic Party of Japan (DPJ) on Sunday held its first party convention since losing December’s lower house election. DPJ President Banri Kaieda said the party must learn the lessons from its election loss so that it can rebuild in time for the crucial upper house election in the summer.
Kaieda said the upper house election will be a life-or-death battle for the DPJ, Fuji TV reported. He also called on smaller opposition parties to ally themselves with the DPJ to prevent the governing LDP and its coalition partner, the New Komeito party, from gaining a majority in the upper house. He said the DPJ and opposition parties must put aside minor differences to form a united front.
Kaieda blamed the DPJ’s loss in the December election on the party’s poor governance and the fact that the party became fractured. He said that too many rank-and-file members did not support the party leadership, while others bolted from the party.
- See more at: http://www.japantoday.com/category/poli ... slWUb.dpuf

[pragmatic]

The Japs are devaluing the yen to make exports cheaper. Unfortunately, that makes imports more expensive. Just another reason not to trust a Jap.

[IparryU]

The Japs are devaluing the yen to make exports cheaper. Unfortunately, that makes imports more expensive. Just another reason not to trust a Jap.

Likin you already!

Welcome to the club.

Sent from my SC-03E using Tapatalk 2

[FG Lurker]

The Japs are devaluing the yen to make exports cheaper. Unfortunately, that makes imports more expensive. Just another reason not to trust a Jap.

FG needs to bring back the rep system...

The yen has been way overvalued vs the dollar and Euro for the past few years. What's happening now is a correction to that overvaluation -- and it has been far too long coming.

[Coligny]

The Japs are devaluing the yen to make exports cheaper. Unfortunately, that makes imports more expensive. Just another reason not to trust a Jap.

FG needs to bring back the rep system...

The yen has been way overvalued vs the dollar and Euro for the past few years. What's happening now is a correction to that overvaluation -- and it has been far too long coming.

The problem with cheap exports... is... was... hemm... will might be...

ok, let's put it simply... Nissan has spend the last few years moving its production line in overseas factory... Even the JDM new March is now made in Philippine. Toyota did the same with Mexico or Brasil exploiting the bleeding off from the brasilian workers living back for home after financial crisis+fukushima debacle... I don't see those jobs coming back anytime soon... The company that didn't do it where just to small to operate this way... (looking at you Mitsubishi, and also, badge engineering don't count for obvious reasons)

So basically, aside from incendiary lipo batteries... is there still that much "made in japan" to help exporting with a cheap yen ?

[Cyka UchuuJin]

The Japs are devaluing the yen to make exports cheaper. Unfortunately, that makes imports more expensive. Just another reason not to trust a Jap.

good thing your racial slurring ass doesn't live here then.

[Yokohammer]

FG needs to bring back the rep system...

Green for Cyka.

Red for the racist.

[matsuki]

The Japs are devaluing the yen to make exports cheaper. Unfortunately, that makes imports more expensive. Just another reason not to trust a Jap.

FG needs to bring back the rep system...

The yen has been way overvalued vs the dollar and Euro for the past few years. What's happening now is a correction to that overvaluation -- and it has been far too long coming.

The problem with cheap exports... is... was... hemm... will might be...

ok, let's put it simply... Nissan has spend the last few years moving its production line in overseas factory... Even the JDM new March is now made in Philippine. Toyota did the same with Mexico or Brasil exploiting the bleeding off from the brasilian workers living back for home after financial crisis+fukushima debacle... I don't see those jobs coming back anytime soon... The company that didn't do it where just to small to operate this way... (looking at you Mitsubishi, and also, badge engineering don't count for obvious reasons)

So basically, aside from incendiary lipo batteries... is there still that much "made in japan" to help exporting with a cheap yen ?

There is....but whether the rest of the world wants to buy it is another issue. I agree the yen was overvalued but now that it has been bitchslapped back down, I see it slipping further and further down until we're 150yen+ to the dollar.

[Coligny]

FG needs to bring back the rep system...

Green for Cyka.

Red for the racist.

But that makes no sense, Cyka is Russian, she should be Red ? unless wezza talking racing colors... then it get complicamated, blue for me, green for the brits, japan takez the white, red and silver for italia and germany...

and... humm...

yea... please sumbuddy brings back the rep system...

[Samurai_Jerk]

green for the brits

Given the number of Islamofacists in the UK, green is the perfect color.

[IparryU]

Much more I like it...

USD JPY Daily 2013.03.08.jpg

USD JPY Hourly 2013.03.08.jpg

[matsuki]

Fuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuu

[FG Lurker]

Fuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuu

I understand that feeling perfectly as I felt exactly that when the yen was going the other way.

It was bound to happen though. There is no way the JPY was going to stay as strong as it was over the long term.