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Originally Posted By: Mr Wiggles
Yen's off to the races again, esp. against the US dollar.

Pound's at a mighty 141.38. A cheap Christmas in store for anyone heading back. Ho ho ho! Have a pint for me!



The dollar is going to suck the next few years. Deflation to try and compete with China shifty can anyone say Plaza Accord.

I don't want to get only 60 yen per dollar for when I get to Japan :(
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Rob's right - I was at home last December and together with the Missus went to do some shopping in Oxford Street - the usual chaos of course. A combination of recession-busting sales and the pound at under Y130 made everything look shockingly cheap.

 

While it makes our savings look big in Sterling terms, the trouble is that a strong Yen is generally going to be bad for the Japanese economy. Exports get more expensive and those companies earning in USD from overseas trade - most of my clients, for example - are getting strangled. I'd therefore much prefer a weak pound combined with the Dollar at 110-120. Won't happen soon, though!

 

SdS

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Originally Posted By: odekakepantsu
wonder where it will bottom out

hows the ozzie $ doing?


Appreciating over the year. Buy rate is about AUD 1 for 80 yen.

Edit: no, mamabear is right. About 1:76 now.

Cool; I'm ahead ;-}
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Originally Posted By: MitchPee


I don't want to get only 60 yen per dollar for when I get to Japan :(


Mitch

You must be Optimistic. A Japan Times article had it more like 50 Yen to the US Dollar.

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