Which currencies are undervalued against JPY?

[samuraiwig]

I have a bit of cash and am looking for a 6-12 month return. Longer is OK, too.

Any recommendations on which currencies are currently undervalued against the yen?

[FG Lurker]

All the major currencies are way down against the yen right now. GBP, EUR, CHF, USD, CAD, AUD, NZD, along with many if not most of the minor currencies like the ZAR.

That information itself isn't really helpful though as the key is knowing which currencies are likely to rebound against the yen sooner and which ones later...

You may want to just invest that money into a fund that has foreign currencies as a certain percentage of its holdings rather than try to do it on your own.

[samuraiwig]

A fund might be a good idea, but it's not really enough cash, especially given the inevitable fees.

Less interested in the "when" of the rebound than "how much":cool:

GBP has got to be a good bet in the medium/long-term, but the UK economy is so screwed it could stay where it is for a while.

USD - I can't decide which way it's going to go.

Maybe AUD and NZD are the way to go for the moment. Or perhaps Korean won.

[Kagetsu]

The AUD or NZD would be my best bet. They went from nearly 1Au buys 108 yen to 1Au buys 58 yen at one stage (currently between 60-62 yen).

I think we may see 63 yen before the year is out, but the real climb will likely start towards the mid to end of next year... That said, there's so much crap in the current market, I don't think anybody knows exactly where anything is going just yet (aside from up shit creek without a paddle).

I think the AUD to JPY is estimated to be normal at about 1AUD buys 84JPY.

[Charles]

The AUD or NZD would be my best bet.

Nah, he's asking about money. Real money. Not wampum, Monopoly money, or scrip.

[Big Booger]

Nah, he's asking about money. Real money. Not wampum, Monopoly money, or scrip.

All fiat money is monopoly money.

[FG Lurker]

Nah, he's asking about money. Real money. Not wampum, Monopoly money, or scrip.

He already has the only real currency left standing, the only one that has risen against every other major currency: the yen. He wants to sell yen and buy some of that undervalued toilet paper (like the US$) in anticipation of the worldwide economic situation improving.

[pheyton]

Euros baby, Euros. Fuckin dollar is toast for a long time.

[FG Lurker]

Euros baby, Euros. Fuckin dollar is toast for a long time.

I disagree that the dollar will be toast for a long time. When the US markets turn around people will be selling other currencies to buy dollar denominated investments. The US is fucked up right now but it is still the place with the most interesting investments...

I think the Euro will get stronger though. The NZD and AUD too, once the carry trade starts gaining steam again.

[Charles]

ZWD! For the price of a cup of coffee, anyone can be a multi-billionaire!

[nottu]

[Samurai_Jerk]

I think that if any of you actually knew what you were talking about, you'd be as rich as George Soros

[wuchan]

I disagree also. The dollar will definitely weaken further next year but it cannot stay down in the long term as the US will be the country to restart the world economy by fixing its problems. It may even have difficulty weakening below 90 yen. There's a lot of cash sitting on the sidelines looking for a place to go in the US. When the US economy rises, the rest will follow. Its going to take time though and there will be more pain to come. Unfortunately, Obama with his FDR-like plans will prolong the agony. This is unfortunate.
.

I can see 90en, not much lower. 85en will severely hurt the japanese economy. (mark my words here) Major deflation WILL hit the US, china, japan, and the EU. The rich are way too rich for capitalism to work, at this point people can buy countries which equals unstable world politics. People like the pirates around Samolia can extort shitloads of cash just bu stealing a boat. Shit is fucked up. The Saudis are waaaaaay too rich to protect themselves. They need help now and the only country that can offer enough protection is the enemy (USA). People who think that they can control chaos are in way too deep to cover their own asses. This is no longer a two horse game, the cold war has long been over. Either you side with the capitalists or you side with one of the "others". at this point the capitalists are winning and they will win until the rich are forced out. Obama has a retarded amount of cash for the next election and will only gain more. Things wil not change for at least 50 years, maybe longer. Money = power.

[samuraiwig]

[quote="Samurai_Jerk"]I think that if any of you actually knew what you were talking about, you'd be as rich as George Soros ]

I tend to agree

It stands to historical reason that the yen is not going to stay where it is against most currencies.

That said, maybe it's better to dig a hole and bury my yen as deep as possible.

[nottu]

[Charles]

In order to make a small fortune on Wall Street, a large fortune is required, so I'm sure none of us will end up like Soros - but we can do well.

"Making your first million is almost impossible. Making your second million is almost inevitable."
-J. Paul Getty

[GuyJean]

I disagree also. The dollar will definitely weaken further next year but it cannot stay down in the long term as the US will be the country to restart the world economy by fixing its problems... Unfortunately, Obama with his FDR-like plans will prolong the agony. This is unfortunate...

Interesting; Obama will both fix, and prolong the US problems..

GJ

[nottu]

[GuyJean]

Typical myopic Dem.
Reread.
"Long term" means exactly that.
Obamas not fixing anything.

:p

What needs to be 'fixed', and why?

GJ

[pheyton]

I was wondering if any of you have ever heard of or know anything about Interactive Brokers Securities Japan, Inc? They purchased Moiai Securities in December 08.

[Buraku]

'Because of the financial crisis, countries will adopt the ENTEN in three years'

So some of you are asking WTF is the "enten"?
http://online.wsj.com/article/SB123412358924861075.html?mod=googlenews_wsj
The Japanese businessman who was arrested last week for allegedly operating a massive Ponzi scheme attracted tens of thousands of members by pitching an electronic currency that he said would double in value each year and help eliminate poverty, according to Japanese media reports and lawyers for alleged victims.
Kazutsugi Nami, the 75-year-old former chairman of a now-defunct Tokyo company called L&G, repeatedly said it was his "calling from heaven" to spread investment plans using a virtual currency called "yenten," or "yen from heaven," according to lawyers representing its members and interviews Mr. Nami gave to television networks. He also proposed the 'wonten' currency for South Korea