Anyways so yeah.. Yen vs. the dollar.
Anyways so yeah.. Yen vs. the dollar.
The wheels of survival are greased more readily by easy lies than hard truths.
I mean spike in value against the dollar.
3 years ago 120 yen = 1 dollar
1 week ago 83 yen = 1 dollar, ouch.
today 77 yen = 1 dollar, super ouch.
Notice the huge spike in power after the quake. The graph spikes DOWN. Downward spikes against the dollar mean the yen is getting stronger. Upward spikes means it is getting weaker.
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Values go up and down constantly. The Anerican economy is hurting right now, so the value of the us dollar is decreasing in Japan.. As well as many other countries. Since the Japanese government did indeed inject billions of dollars into it's economy, it's only logical that the value will go up. But this was done to counteract the damage on their economy by recent events. The value will probably teeter a bit more for a while.. But sooner or later it will stabilize.
Last edited by SickbyDefinition; 03-16-2011 at 06:38 PM.
The wheels of survival are greased more readily by easy lies than hard truths.
Yes, that is why... when I was comparing the numbers in a range of 80 to 85, I said that the recent value of 80ish was the stronger end of the spectrum. Values closer to 85 would be the weaker number. You have confirmed that it has spiked in to the 70's (info I did not have at that moment). The value will probably be back in the low 80's within a few months, if not sooner.
Last edited by Rota; 03-16-2011 at 07:01 PM.
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