Yen on the rise!

Discussion in 'Currencies' started by leo25, Jan 21, 2013.

  1. leo25

    leo25 Well-Known Member Silver Stacker

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    Opps i mean decline :p
    WOW look at the Yen go! They have gone full speed with their printing. US need to speed up printing on their end now.

    [​IMG]
     
  2. Dogmatix

    Dogmatix Active Member

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    Haha, sucked me in good and proper with that heading :)

    Like the economics equivalent of a Rick Roll
     
  3. Guest

    Guest Guest

    Kyle Bass recently said that investing in Japan at this point in time is like picking pennies up in front of a steam roller.. for memory their debt is something like 14x their gross domestic product... that's truly outrageous.
     
  4. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    Does anyone know when the last time the Aussie dollar was at parity with the Yen?
     
  5. renovator

    renovator Well-Known Member

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    japanese companies are making more sales because of the weaker yen .. It might help the economy in the long term

    Seen something on it yesterday on cnn i think they said panasonic ?shares went up double digits withf the sales & profits because of the lower yen
     
  6. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    It never was 1 for 1, but if you mean 100Y for 100cents then it was 2008.
     
  7. skipau

    skipau Member Silver Stacker

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    The new prime minster seems to really be making an effort this time to get the Japanese economy going and allow their companies to fight against the Korean and Chinese dominance. Will be interesting to see where he goes from here... I am reading a lot of positives coming from it in Japan.
     
  8. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    The new Japanese PM seems to be really making an effort to print money, it is government interference of the highest order. Will be interesting to see where this goes as Japanese manufacturers rely on cheap labour overseas for many of their products. I am reading a lot of negatives coming out from it. :/

    Source: http://www.guildinvestment.com/2013/01/24/new-investment-recommendation-this-week-and-much-more/
     
  9. skipau

    skipau Member Silver Stacker

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    2 sides to every coin as they say... I guess I am also reading the news in Japanese.. so perhaps there is a different spin coming out of that...
     
  10. Holdfast

    Holdfast Well-Known Member Silver Stacker

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  11. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    Peter Schiff explains The Yen

    [youtube]http://www.youtube.com/watch?v=ZmvzCssGW8A[/youtube]
     
  12. Dogmatix

    Dogmatix Active Member

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  13. JulieW

    JulieW Well-Known Member Silver Stacker

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    http://www.nytimes.com/2013/02/06/b...tral-bank-chief-to-step-down-early.html?_r=1&



    Emphasis is mine
     
  14. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    ^ that's the article I was looking for!!!!! :)
     
  15. JulieW

    JulieW Well-Known Member Silver Stacker

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    Thank Mr Sinclair
    http://www.jsmineset.com/
     
  16. leo25

    leo25 Well-Known Member Silver Stacker

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    WOW Japan are going full speed with there printing now! USD/JPY is at almost 96 now!

    The Nikkei has risen about 40% in 4 months!! this is crazy.

    Looks like Japans issues are really starting to hit hard. The fed has to print faster to keep up. 2013 looks like its going to be a very inflationary year.
     
  17. leo25

    leo25 Well-Known Member Silver Stacker

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    Looks like the USD/JPY is going to fall back down below 100. All that hard work for nothing.

    Poor Abe, can't seem to get Abenomics off the ground. Well like they say, if you get knocked down you got to get up again. Round 3 fight/print!
     

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