Quote:
Originally Posted by Pachipro
Today it is 120/$1 and it is the lowest I have seen the yen in many a year. If it goes to 125 I'm buying yen and lots of it because it will not be this low again. The last time I think I saw it at 125 was in 1988 when I returned to the states.
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Get ready to shed some dollars Pachipro, the yen is at a four year low. 121.52 to the dollar and I am willing to bet that it will fall further. Maybe even past 125 if they don't straighten up and fly right. Since Monday, it has fallen .5 to the dollar everyday. They are going to keep on taking hits too because the BOJ can't decide what they are going to do with the rates. Everyone has pretty much recanted earlier sentiments that they will raise rates this quarter.
I am taking a beating on this one, but if any of you ever wanted to come over to Japan your money will go the furthest now and in the next few months.