Hot Topics | |
---|---|
JapanBound wrote:Until the dollar stablilizes against all currencies, it will continue to fall against the Yen.
The New Zealand dollar posted a fresh seven-year high today and was less than a cent off its all-time post-float high hit 16 years ago.
JapanBound wrote: The dollar is falling, sure... Greenspan/Snow/polcy makers, don't really care. This makes our products CHEAP in foreign countries..
"The amount of intervention in the currency markets by the Japanese central bank is at record levels, " Mr Wagoner told the BBC's World Business Report.
"That is keeping their currency artificially weak against the dollar and the euro, and really reducing the competitive position of the manufacturers' base in Europe and the US.
"We think it's actually an unfair trade practice."
Kanchou wrote:arg.. maybe I should have bought some Yen while it was still at 111...
mr. sparkle wrote:Kanchou wrote:arg.. maybe I should have bought some Yen while it was still at 111...
You are still in phat city compared to the time I went to tokyo in around 2000 when it was 88 yen for the dollar. I think a brewskie cost me like $20 and a left nut.
JapanBound wrote: Let's not get ahead of ourselves here... America's economy is not in "shambles" hardly...
JapanBound wrote: The dollar is falling, sure... Greenspan/Snow/polcy makers, don't really care. This makes our products CHEAP in foreign countries..
JapanBound wrote: Japan is trying to stop the yen from appreciating, so Japans products don't become outrageously expensive outside of Japan, thus hurting their economic recovery.
JapanBound wrote: The dollar is weak, with the huge deficits we've occured, it's likely to stay that way, until perception changes in the global markets.. It's all just the market shaking it's self out, you remember when the Euro first came out, and EVERYBODY expected it to rise against the dollar... Well this didn't happen, and many many rich investors lost plenty of money, betting it would.. Now look at it! Everything will work it's self out. Massive deficits take their toll on our currency, but all in all it'a good thing for the US, and a bad thing for the countries our currency is paired against...
JapanBound wrote: Japan has spent a record amount of money interviening (buying dollars) to try to keep the dollar propped up agianst the yen, but this can only go so far.. Until the dollar stablilizes against all currencies, it will continue to fall against the Yen.
Video-Link Japan wrote:Yup.. and the Japanese will starting using their 'more powerful' value of the Yen to aquire another round of U.S assets.. like high profile real-estate properties and Hollywood movie studios. Seems we've be down this road once before..!!!
cstaylor wrote:Heck, that's what I've been doing. Even at a weaker dollar, at least the American banks give decent interest rates for money market accounts... in comparison, the $40k I parked in my Japanese bank earned a whopping $6 over a year.
GargoyleTS wrote:Video-Link Japan wrote:Yup.. and the Japanese will starting using their 'more powerful' value of the Yen to aquire another round of U.S assets.. like high profile real-estate properties..!!!
Welcome to our new foreign Masters! Let's Aquire!
Video-Link Japan wrote:CS, I'll give ya $6 a month if you loan me that 40k..!!!!
cstaylor wrote: Sorry, I already sent it home to make 100 times that at my American bank.
cstaylor wrote: Details, details...
Users browsing this forum: No registered users and 3 guests