Yen weakens beyond 160 per Dollar, the weakest level since 1986.

    https://i.redd.it/yxvqy2kbgy8d1.jpeg

    Posted by betsharks0

    37 Comments

    1. Holiday time ![img](emote|t5_2th52|4258)![img](emote|t5_2th52|4258)![img](emote|t5_2th52|4258)

    2. bawtatron2000 on

      Japan’s 5th largest bank recently made a move to free up 3x more treasury bonds for liquidation than they sold off in 2008. Buckle up. Japan (for reasons beyond my memory and comprehension) is often seen as the canary in the coal mine for the western economy.

    3. I look at this wondering how much buying power do I get if I leverage a falling Yen at the right time?

    4. Does that mean its time to bank yen and waot for it to go up? What are the pros and cons here?

    5. dude_who_could on

      This is actually good for them isn’t it? They’ve been dropping rates negative to avoid deflation, they can finally bump rates back up.

    6. Important_Table6125 on

      When selling bonds? FED will buy and unleash liquidity. We know what happens next …

    7. Made a lil moneys on shorting the Yen.. figured it only go’s down on the longrun
      It’s closed now on the 160$ close price i had.
      Wouldn’t be suprised to just see it go lower.

    8. this is my “achieve middle class” play, even my maple syrup is valuable compared.

      I just need to learn Japanese….but can barely speak the english I lernt

      I can handle a little earthquake volcano radiation tsunami culture bias if it mean I can be in vending machine karaoke heaven with all the yen I could carry

      also, I just connected I really like remote control car toys and Japan, as typical for such things, makes some pretty awesome RCs. time to shop direct from jpn lol

    9. DeciduousMath12 on

      It’s fun seeing this chart in wsb, but also PokeInvesting subs and they’re talking about how many cards to buy. At least when you make a bet there, you keep some shiny cards when you bet wrong.

    10. Made ez money on this by just opening long positions on usd/jpy and pretty much letting it ride. Then it leveled off for a bit in late spring and stopped trying to figure out why forex does anything and I checked back today and it actually kept at it all these months. Fuck.

      I don’t know much about forex but I do know that ain’t typical.

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