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The US dollar has rallied a bit against the yen, as we are looking to determine if the interest rates in the US will continue to be elevated. At this point, it is obvious that the Japanese are stuck, and any interest rate hike will be minor at best.
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i just changed MYR to JPY when JPY was weaker then i converted the JPY to USD 2 days ago now i am at 7~8% loss,yikes.
Hello there, Christopher. I would appreciate it if you responded to this incoming inquiry. Since the FED could cut rates in Spetember, recovery could be on the way for the Yen. Are you suspecting any further depreciation in the Yen going forward, or will the BOJ’s bond purchasing cuts save the Yen form imminent collapse?